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What is the single equivalent rate of discount

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Question - A sales flyer for a music store offered a discount of $280 on an electric guitar that had a list price of $1,079.99. To promote the start of the sale, an additional discount of $65 was offered on the first day of the sale. What is the single equivalent rate of discount, if the buyer purchases the guitar on the first day of the sale?

Reference no: EM133052471

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