GS Retail reported the following for the past two fiscal years:

		2021				2020
Net sales			$972,000				$805,000
Cost of goods sold			613,332				503,125
Profit			72,900				66,010

Calculate the gross profit margin and profit margin for both years. (Round answers to 2 decimal places, e.g. 12.73%.)

		2021		2020
Gross profit margin		enter percentages rounded to 2 decimal places %		enter percentages rounded to 2 decimal places %
Profit margin		enter percentages rounded to 2 decimal places %		enter percentages rounded to 2 decimal places %

Comment on any changes in profitability.

GS Retail's profitability has deteriorated or improved.