View Policies Current Attempt in Progress GS Retail reported the following for the past two fiscal years: 2020 Net sales Cost of goods sold Profit 2021 $947,000 597,557 68,184 $785,000 488,270 65,155 Calculate the gross profit margin and profit margin for both years. (Round answers to 2 decimal places, e.g. 12.73%.) 2021 2020 Gross profit margin % % Profit margin % e Textbook and Media