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Hi and welcome!
You're right in thinking it's "skip straight to the decrease of 1 st every other row 7 times.." Basically it works out to:
"Next Row (WS) Bind off 3 (3,4,7) sts (neck edge), work to end. Dec 1 st every other row 7 (7,7,4) times - 22 (22,24,24) sts."
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