The adjusted trial balance of Bramble Wholesale Inc. contained the following accounts at December 31, the companys year end:

Bramble Wholesale INC. Adjusted Trial Balance December 31, 2021
		Debit		Credit
Cash		$11,600
Accounts receivable		18,400
Prepaid insurance		2,300
Inventory		105,700
Supplies		6,900
Land		128,600
Buildings		217,300
Accumulated depreciationbuildings				$92,600
Equipment		95,200
Accumulated depreciationequipment				34,900
Accounts payable				61,100
Deferred revenue				9,900
Refund liability				3,940
Income tax payable				3,800
Bank loan payable				98,000
Common shares				50,000
Retained earnings				94,640
Sales				1,104,500
Cost of goods sold		809,900
Administrative expenses		89,000
Selling expenses		43,100
Interest expense		11,300
Interest income				2,700
Income tax expense		16,800
		$1,556,100		$1,556,080

(a)

Calculate the profit margin and gross profit margin. (Round all amounts to 1 decimal place, e.g. 5.2%.)

Gross profit margin		%
Profit margin		%