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Blossom Corporation reported net sales $ 1 , 0 4 0 , 0 0 0 , cost of goods sold $ 6 7 6 ,

Blossom Corporation reported net sales $1,040,000, cost of goods sold $676,000, operating expenses $273,000, and net income $85,280.
Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g.10.2%.)
Profit margin
%
Gross profit rate
%
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