Sage Hill Company had the following normal account balances on selected accounts:

Sales revenue: $$711,000$

Sales Returns and Allowances: $55,000$

Sales Discounts: $436,800$

Freight$-$Out: $2,200$

Cost of goods sold: $436,800$

Advertising Expense: $16,500$

Interest Expense: $21,200$

Salaries and Wages Expense: $92,700$

Utilities Expense: $4,300$

Interest Revenue: $27,500$

$($b$)$ Calculate the profit margin and gross profit rate $($round answers to $1$ decimal place$)$