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Solve the following application problem involving cash and trade discounts. Round to the nearest cent. Ray's Bikes offers a mountain bike for $837 less 15/10.

Solve the following application problem involving cash and trade discounts. Round to the nearest cent.

Ray's Bikes offers a mountain bike for $837 less 15/10. The same bicycle is offered by Biff's Bikes for $825 less 15/8. Find (a) the firm that offers the lower price and (b) the difference in price.

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