A furniture store sold a bed, regularly priced at $ 990, for $ 720. The bed was  originally purchased for $ 600 less 40 %. The store's overhead is 25 % of the regular  selling price.    (a)Calculate the rate of markdown (as percentage to the nearest 100th) at which  the bed was sold. (b)Calculate the operating profit or loss at the sale price. Round to the nearest 100th.

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