Pharoah Corporation reported net sales of $170,000, cost of goods sold of $91,800, operating expenses of $37,300, other expenses of $11,000, net income of $8,500. Calculate the following values. (Round answers to 0 decimal places, e.g. 25%.)

1.		Profit margin		enter percentages rounded to 0 decimal places	%
2.		Gross profit rate		enter percentages rounded to 0 decimal places	%