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What is the amount of additional sales recognized by laxada

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Reference no: EM132840632

Laxada Marketing launched a new sales promotional program. For every 20 seals of proof of purchase of their product, customers receive a double-layer reversible umbrella costing P200 each. This umbrella may separately be sold for P300 each. The company estimates that 75% of the seals of proof of purchase reaching the consumer market will be redeemed.

Product sales with seals of proof of purchase - 20,000 units for a total of P12,000,000
Premiums distributed to customers -500 umbrellas

Problem 1) How much is the total transaction price is allocated to the premium?

a. 150,000
b. 225,000
c. 300,000
d. 0

Problem 2) What is the amount of additional sales recognized by Laxada upon redemption of premiums?

a. 150,000
b. 225,000
c. 100,000
d. 125,000

Reference no: EM132840632

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