The command 'rate limit ........' takes the value of normal burst rate and
maximum burst rate in bytes/second, not bits/second.
hence 384kbps = 48kBps, 768kbps = 96kBps

http://www.cisco.com/en/US/docs/ios/12_0/qos/command/reference/qrcmdr.html#wp1017761

Regards,
Karthik
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