Solve the problem. Round to the nearest cent or tenth of a percent.
Original price $1286.00; markdown $411.52. Find the reduced price and the rate of the markdown.
◦ Reduced (new) price = $411.52
Rate of markdown = 68%
◦ Reduced (new) price = $1697.52
Rate of markdown = 32%
◦ Reduced (new) price = $874.48
Rate of markdown = 68%
◦ Reduced (new) price = $874.48
Rate of markdown = 32%