(a) If \(\frac{3}{2p - \frac{1}{2}} = \frac{\frac{1}{3}}{\frac{1}{4}p + 1}\), find p.

(b) A television set was marked for sale at GH¢ 760.00 in order to make a profit of 20%. The television set was actually sold at a discount of 5%. Calculate, correct to 2 significant figures, the actual percentage profit.