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The price for a bike after two successive discounts of 36% and 16% is $201,60. 1. What is the single equivalent rate of discount? %

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The price for a bike after two successive discounts of 36% and 16% is $201,60. 1. What is the single equivalent rate of discount? % (rounded to two decimal places) 2. What is the price of the bike before the two discounts? Price =$ (rounded to the nearest dollar)

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