Which one the following statements is true?

A manufacturing store is offering $8\%$ discount and additional $12\%$ discount. The single equivalent discount rate offered by this store is $19\%$

Net price is the price which the manufacturer suggests an item be sold to the consumer.

Discount rate is a percent of the list price.

The net price equivalent rate for the chain discount $\frac{8}{12}$ is less than the net price equivalent rate of the chain discount $\frac{12}{8}.$