On November 30, 2023, a U.S. company purchased merchandise on credit from a Swiss supplier at an invoice price of CHF1,000, when the exchange rate was $1.08/CHF. On December 31, 2023, the companys year-end, the exchange rate was $1.09/CHF. On February 1, 2024, the company purchased the CHF1,000 for $1.086/CHF and paid the invoice. On March 15, 2024, when the exchange rate was $1.083, the company sold the merchandise to a U.S. customer for $2,000. What is the U.S. companys gross margin (sales revenue minus cost of sales) on the March 15, 2024 sale?