Three Amigos, Inc. sells merchandise with a cost of $25,000 during the year to a customer for $55,000. It is Three Amigos' policy to accept returns up to 60 days after the date of purchase. Three Amigos estimates that there is a 60% probability that returns will be 3% of sales and a 40% probability that returns will be 2.5% of sales. What is Three Amigos' transaction price? $48,625 $53,460 $55,000 $25,000 $53,350

1 point Three Amigos, Inc sells merchandise with a cost of $25,000 during the year to a customer for $55,000. It is Three Amigos' policy to accept returns up to 60 days after the date of purchase. Three Amigos estimates that there is a 60% probability that returns will be 3% of sales and a 40% probability that returns will be 2.5% of sales. What is Three Amigos' transaction price? $48,625 $53,460 $55,000 $25,000 $53,350