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Karina owns a boutique where she sells designer dresses. She purchases the dresses for $ 2 9 0 each and has a rate of markup

Karina owns a boutique where she sells designer dresses. She purchases the dresses for $290 each and has a rate of markup of 33.00% on selling price. At the end of every season, she has a sale and marks down the dresses to sell them at the break-even price. If the overhead expenses are 13.00% of the regular selling price, calculate the rate of markdown on these dresses.
Round to two decimal places
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