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Current Attempt in Progress Blossom Company reported net sales $1,020,000; cost of goods sold $663,000; operating expenses $267,750; and net income $86,700. Calculate the profit

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Current Attempt in Progress Blossom Company reported net sales $1,020,000; cost of goods sold $663,000; operating expenses $267,750; and net income $86,700. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, eg. 10.2%) Profit margin % Gross profit rate %

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