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The gross margin amount in 2017 for the Billings Corporation totaled $800,000. If cost of goods sold is 80% of sales, how much is sales?

The gross margin amount in 2017 for the Billings Corporation totaled $800,000. If cost of goods sold is 80% of sales, how much is sales?

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$960,000

$4,000,000

$3,200,000

$1,440,000

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