Your answer is partially correct. Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,353.) (Round answers to 1 decimal place, e.g. 15.5%.) Profit margin Gross profit rate 22.8 Your answer is partially correct. Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,353.) (Round answers to 1 decimal place, e.g. 15.5%.) Profit margin Gross profit rate 22.8