A wholesale company prices its inventory at $143,483. If the original price of the items was $229,622, find the rate of markdown on the original price. The rate of markdown on the original price was...

Extracted text: A wholesale company prices its inventory at $143,483. If the original price of the items was $229,622, find the rate of markdown on the original price. The rate of markdown on the original price was %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)