Calculate Cheyenne Outdoors's gross profit and gross profit margin for the month of April. (Round gross profit margin to 1 decimal place, eg. 1.2 and gross profit to the nearest whole dollar, e.g. 5,275.) Gross profit Gross profit margin % Cheyenne Outdoor Stores Inc uses a perpetual inventory system and has a beginning inventory, as at April 1, of 148 tents. This consists of 50 tents purchased in February at a cost of $211 each and 98 tents purchased in March at a cost of $227 each. During April, the company had the following purchases and sales of tents: Purchases Sales Date Units Unit Cost Units Unit Price Apr. 3 76 $418 10 196 $276 17 251 418 24 294 289 30 204 418