BlueStar Income Statement is below:

What is the profit margin for 2023?

(Enter as a percentage, rounded to two decimal points. For example if answer is .21357, you will convert the decimal to percentage and enter 21.36 NO NEED TO ENTER PERCENT % SIGN)

Income Statement	2022	2023
Sales	900,000	975,000
Sales Returns	200,000	250,000
Sales Discounts	135,000	144,000
Net Sales	565,000	581,000
Selling Expenses	200,000	213,000
Admin Expenses	169,000	165,000
TOTAL OPERATING EXP	369,000	378,000
NET INCOME	196,000	203,000