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Determine the total transaction price allocated to planners

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Reference no: EM132796627

Question - At the beginning of the year, Promotor Company started a new promotional program wherein a customer can receive a planner costing P300 each for every 20 stickers ( 1 sticker for every sales of coffee drink). The planner may be sold separately for P450. The company estimates that 75% of the stickers will be redeemed.

Sales of coffee were 20,000 cups with a total price of P18,000,000 while the number of planners distributed to customers were 500 pcs.

Required -

Determine the total transaction price allocated to the planners.

Determine the additional sales recognized from redemption of planners.

Reference no: EM132796627

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