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Tamarisk, Inc. reported the following in its 2025 and 2024 income statements. 2025 2024 Net sales $158,000 $128,000 Cost of goods sold 82,160 66,560

Tamarisk, Inc. reported the following in its 2025 and 2024 income statements. 2025 2024 Net sales $158,000 $128,000 Cost of goods sold 82,160 66,560 Operating expenses 31,600 19,200 Income tax expense 22,120 14,080 Net income $22,120 $28,160 (a1) Determine the company's gross profit rate and profit margin for both years. (Round answers to 1 decimal place, e.g. 52.7%.) Gross profit rate Profit margin 2025 % % 2024 % %

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