Marin Inc. reported the following in its 2017 and 2016 income statements.

		2017		2016
Net sales		$170,000		$100,000
Cost of goods sold		105,400		62,000
Operating expenses		34,510		10,200
Income tax expense		17,000		10,000
Net income		$ 13,090		$ 17,800

Determine the companys gross profit rate and profit margin for both years. (Round profit margin answers to 1 decimal

		2017		2016
Gross profit rate		enter percentages %		enter percentages %
Profit margin		enter percentages rounded to 1 decimal place %		enter percentages rounded to 1 decimal place %