Blossom Company Ayayai Company Sales revenue $96,710 $ 113,000 (d) Sales returns and allowances (a) $7,000 Net sales Cost of goods sold \begin{tabular}{lr} 90,500 & 106,000 \\ 55,205 & 58,830 \\ \hline \end{tabular} (e) Gross profit 35.295 (b) 47,170 Operating expenses 17.240 (f) Net income 18.055 (c) 16,300 Calculate the gross profit rate for each company. (Round answer to 1 decimal place, eg. 25.2\%)