In November 20X1, the furniture store Boisdoré hands 250 units coupons to buyers of sofas; each coupon gives 25 % off a next furniture purchase. According to the case data, the average next purchase is estimated at 800, any customer receives a usual discount of 5 % without a coupon and the likelihood that a coupon will be used is 60 %. The coupons provide a material right. Calculate the estimated stand-alone selling price of one coupon, then of all the coupons.
- Number of coupons handed out
- 250
- Discount offered by a coupon
- 25 %
- Estimated average next purchase
- 800
- Usual discount without a coupon
- 5 %
- Likelihood that a coupon will be used
- 60 %