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The net price of an item after trade discounts of 4 0 . 0 0 % , 1 2 . 0 0 % , and

The net price of an item after trade discounts of 40.00%,12.00%, and 6.00% is $3,340.00. Calculate the regular selling price of the good, round to the nearest cent. Calculate the equivalent discount rate of the series of discount rates. Round to two decimal places

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