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Wildhorse Corporation reported net sales $ 1 , 0 2 0 , 0 0 0 , cost of goods sold $ 6 5 2 ,

Wildhorse Corporation reported net sales $1,020,000, cost of goods sold $652,800, operating expenses $267,750, and net income $81,600.
Calculate the profit margin and gross profit rate. (Round answers to 1 decimal place, e.g.10.2%.)
Profit margin
%
Gross profit rate
%
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