Blossom Corporation reported net sales of $274,300, cost of goods sold of $164,580, operating expenses of $63,300, net income of $41,145, beginning total assets of $453,300, and ending total assets of $612,700. (a1) Calculate profit margin and gross profit rate. (Round answers to 1 decimal ploce, eg. 10.2\%) Profit margin % Gross profit rate %