Mountain Outfitters marked down a pair of snowshoes to $187 in a "60% off" spring sale. Mountain Outfitters originally bought the snowshoes from its supplier for $240 less a trade discount of 30% and a promotional discount of 596. Mountain Outfitters' overhead expenses are 35% of cost

a. What was the regular selling price of the snowshoes before the markdown? 

b. What operating profit or loss will Mountain Outfitters realize when the snowshoes are sold for the reduced price of $187?