On April $6,$ Year $1,$ Granger Company purchased $$170,000$ of merchandise inventory. Terms of the purchase included a discount of $\frac{3}{20},\frac{n}{30}.$ Granger paid the account payable on April $24.$ Granger sold all inventory for $$220,000.$

Required:

Determine the amount of gross margin that Granger would report on its income statement.