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Conroy Corporation's sales for 2020 totaled $1,000,000.Eighty percent of Conroy's sales are made on credit.Conroy's gross margin equals 20% of sales. How much is Conroy's

Conroy Corporation's sales for 2020 totaled $1,000,000.Eighty percent of Conroy's sales are made on credit.Conroy's gross margin equals 20% of sales.

How much is Conroy's gross margin?

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