QS $3-20($Algo$)$ Computing and analyzing profit margin LO A$1$

Damita Company reported net income of $$54,025$ and net sales of $$505,000$ for the current year.

$($a$)$ Compute Damita's profit margin.

$($b$)$ Assuming Workfit $($a competitor$)$ has a profit margin of $15\%,$ which company is generating more profit on each dollar of sales?