You are analyzing the profitability of two consumer goods companies, ConsumerGoods Inc. and ProductsPlus Ltd., in the household products sector.

Requirements:

1. ConsumerGoods Inc. reported gross profit of $60 million on net sales revenue of $200 million for the fiscal year 2023. ProductsPlus Ltd. recorded gross profit of $80 million on net sales revenue of $300 million during the same period.
2. Calculate the gross profit margin for both companies.
3. Determine which company demonstrates higher profitability relative to its net sales revenue.