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    Masia's Avatar
    Masia Posts: 5, Reputation: 1
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    #1

    May 22, 2015, 03:28 PM
    Accounting Hw. Please help.
    Assume F&S offers a deal whereby enrolling in a new membership also entitles the member to receive a voucher redeemable for 25 percent off a year’s worth of premium yoga classes. A new membership costs $800, and a year’s worth of premium yoga costs an additional $600. F&S estimates that approximately 40 percent of the vouchers will be redeemed. F&S offers a 10 percent discount on all courses as part of its seasonal promotion strategy.
    b. What amount of the transaction price would you allocate to the discount voucher on yoga course?

    My Solution: 1) 600 * 10% *40% = 24
    2) 24 + 800 = 824
    (24/824) * 800 = 23.30
    But it says answer is wrong. Can someone explain? Thank you.
    Masia's Avatar
    Masia Posts: 5, Reputation: 1
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    #2

    May 22, 2015, 03:37 PM
    Found answer :)
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