Sunland Company reported the following in its 2022 and 2021 income statements.

		2022		2021
Net sales		$152,000		$122,000
Cost of goods sold		91,200		73,200
Operating expenses		30,400		14,640
Income tax expense		18,000		10,000
Net income		$ 12,400		$ 24,160

Determine the companys gross profit rate and profit margin for both years. (Round answers to 1 decimal place, e.g. 52.7%.)

		2022		2021
Gross profit rate		?		?
Profit margin		?		?