Digital Devices plans to stop carrying the Casio FC-iOO calculator. lt normally marks up the calculator from the $49.80 wholesale cost to the regular selling price of $101.95.

a. What is the normal rate of markup on selling price? (Do not round intermediate calculations and round final answer to 1 decimal place.)

Rate of markup [:] %

b. What rate of markdown can be advertised if Digital Devices wishes to clear out the stock at the wholesale cost? (Do not round intermediate calculations and round final answer to 1 decimal place.)

Rate of markdown [;] %

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