Kiki Co. has entered into a contract with a customer Jiji for the sale of 10 units of item #752 at $100 each. The contract provides a 20% cash back rebate on these units if the customer places additional orders within the next thirty days for at least 25 units of another product that the customer often buys, item #963. The customers order history shows annual purchases of item #963 averaging 600 units.

RequiredIndicate the transaction price for this sale under FASB ASC 606, explaining briefly.