View Policies Current Attempt in Progress Cullumber Company reported net sales $ 600,000; cost of goods sold $ 390,000; operating expenses $ 157,500; and net income $ 51.000. Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.) Profit margin % Gross profit rate % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer MacBook Pro 3 @ 2 $ 4 3 5 6 & 7 8 9 0 W E R T Y U O