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The price for a bike after two successive discounts of 20% and 12% is $228.80. 1. What is the single equivalent rate of discount? %

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The price for a bike after two successive discounts of 20% and 12% is $228.80. 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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