An alphabetical list of Blossom Company adjusted accounts at its fiscal year end, August 31, 2024, follows. All accounts have normal balances. Accounts payable Accumulated depreciation-equipment Accumulated depreciation-furniture Cash Cost of goods sold Depreciation expense Equipment Furniture Insurance expense Interest expense Interest payable Merchandise inventory $15,500 14,000 17,500 23,945 270,435 7,000 35,000 42,000 3,575 2,970 525 70,350 Notes payable Prepaid insurance R. Smith, capital R. Smith, drawings Rent expense Salaries expense Salaries payable Sales Sales returns and allowances Supplies Supplies expense Unearned revenue C $42,000 575 65,750 70,000 24,000 50,000 2,250 465,000 18,000 950 6,325 2,600 E ENG

An alphabetical list of Blossom Company adjusted accounts at its fiscal year end, August 31, 2024, follows. All accounts have normal balances. Calculate the gross profit margin and profit margin. (Round answers to 1 decimal ploce, eg. 52.7\%) Gross profit margin % Profit margin %