The easiest way I've found to get 200k in this mode is with Heidern (far right, top row) and spamming jumping kicks (
) followed by sweep kicks. Most opponents go down easily but Seth and Terry Bogart were sometimes challenging.
Perfects (not losing any health) award a bonus 10,000 points per round but are not required.
My most consistent team was Heidern, King, Benimaru and Joe.
Heidern - Jump and kick with
then follow with a sweep (
King - Spam her lunge kick (QCB [
] + B) followed by a sweep (
Benimaru - Jump then press
to do a diagonal drop kick then sweep (
Joe - Jump towards opponent then press
followed by spamming
when you're close.
You'll need 3-4 matches depending on if you get perfect rounds.