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The net price of an item after trade discounts of 36.00%, 11.50%, and 5.50% is $3,040.00. a. Calculate the regular selling price of the goods.

The net price of an item after trade discounts of 36.00%, 11.50%, and 5.50% is $3,040.00.

a. Calculate the regular selling price of the goods.

Round to the nearest cent

b. Calculate the equivalent discount rate of the series of discount rates.

%

Round to two decimal places

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