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The Rink offers annual $350 memberships that entitle members to unlimited use of ice-skating facilities and locker rooms. Each new membership also entitles the member
The Rink offers annual $350 memberships that entitle members to unlimited use of ice-skating facilities and locker rooms. Each new membership also entitles the member to receive ten "30% off a $5 meal" coupons that are redeemable at the Rink's snack bar. The Rink estimates that approximately 80% of the coupons will be redeemed, and that, If the coupons weren't redeemed, $5 meals still would be discounted by 5% because of ongoing promotions. Calculate how much of the transaction price should be allocated to meals. (Round your answer to 2 decimal places.)
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