Below Are the Income Statements of Two Competitive Companies, Green

Below are the income statements of two competitive companies, Green Company and Black Company, for the current year.
$\begin{array}{l}&\text { Green Company}&\text { Black Company }\\ \text { Net Sales } & \$ 6,200 & \$ 3,440 \\\text { Cost of goods sold } & \underline{3,880 }& \underline{2,030} \\\text { Gross margin } & \underline{2,320} & \underline{1,410} \\\text { Operating expenses: }\\\\\text { Selling expenses } & \$ 1,220 & 660 \\\text { Administrative expenses } &\underline{ 875} & \underline{505} \\\text { Total Operating expenses } & \underline{2,095 }& \underline{1,165} \\\text {Net Income } &\underline{ \$ 225} & \underline{\$ 245}\end{array}$ Required:Based on the above statements, determine:The gross margin percentage for each company.The net income percentage for each company.Which company is selling their products for lower prices (at a lower markup).