Lunetta, an optician, gives each buyer of glasses a voucher for 40 % off a future purchase, valid for six months. According to the case data: the average amount of a future purchase is 500; any customer can obtain a seasonal discount of 10 % without the voucher; Lunetta estimates the likelihood that the voucher will be used at 80 %. The voucher provides a material right and its stand-alone selling price is not observable. Estimate the stand-alone selling price of one voucher.
- Average amount of a future purchase
- 500
- Discount offered by the voucher
- 40 %
- Discount available without the voucher
- 10 %
- Likelihood that the voucher will be used
- 80 %