Profit margin and gross profit marging using the following data

Presented below is information for Blossom Co. for the month of January 2022. Cost of goods sold $202,200 Rent expense $33,600 Freight-out 6,400 Sales discounts 8,100 Insurance expense 12,500 Sales returns and allowances 17,600 Salaries and wages expense 64,000 Sales revenue 395,500 Income tax expense 5,100 Other comprehensive income (net of $400 tax) 2,000 BLOSSOM CO. Income Statement For the Month Ended January 31, 2022 Sales Sales Revenue UA 395500 Less : Sales Returns and Allowances $ 17600 i Sales Discounts 8100 25700 i Net Sales 369800 Cost of Goods Sold (202200) i Gross Profit 167600 Operating Expenses Salaries and Wages Expense -64000 i Rent Expense -33600 i Insurance Expense - 12500 Freight-Out -6400 i Total Operating Expenses - 116500 i Income Before Income Taxes 51100 Income Tax Expense (5100) i Net Income /(Loss) $ 46000 BLOSSOM CO. Comprehensive Income Statement For the Month Ended January 31, 2022 Net Income /(Loss) A 46000 Other Comprehensive Income /(Loss) 2000 Comprehensive Income /(Loss) $ 48000 (c) Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, e.g. 15.2%.) Profit margin % Gross profit rate %