A wholesaler sells a product for $4,637 less 36% and 19%. The retailer prices the product at 26.76% mark-up on cost. If operating expenses for the retailer are 25% of selling price, then determine the amount of operating expenses pertaining to the product.

Operating Expenses

Costs that a business incurs through its normal business operations, such as wages, rent, and utilities.

Wholesaler

A person or company that sells goods in large quantities at low prices, typically to retailers.

Retailer

A business that sells goods or services directly to consumers.