A retailer purchased a product for $190 and had operating expenses of 20% of the costand operating profit of 25% of the cost on each product. During a seasonal sale, theproduct was marked down by 35%.a) What was the regular selling price? $ 275.5b) What was the amount of markdown? $ 71.43c) What was the sale price? $ 204.07d) What was the profit or loss at the sale price?o Loss Profit Breakeven