Question

The Rink offers annual $250 memberships that entitle members to unlimited use of ice-skating facilities and locker rooms. Each new membership also entitles the member to receive ten "25% 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.

Answer 1

The Rink offers an annual membership that includes unlimited use of ice-skating facilities and locker rooms. Members also receive coupons for 25% off $5 meals at the snack bar. The Rink estimates 80% of the coupons will be redeemed, and if not, meals are still discounted by 5%.

Step-by-step explanation:

The subject of this question is Business and it is suitable for High School students.

The question is about an annual membership offered by The Rink, which includes unlimited use of ice-skating facilities and locker rooms, as well as ten 25% off a $5 meal coupons that can be redeemed at the Rink's snack bar. The Rink estimates that about 80% of the coupons will be redeemed and that even without the coupons, the $5 meals would still be discounted by 5% due to ongoing promotions.

Three important points to note are:

1. Annual membership at The Rink includes unlimited use of ice-skating facilities and locker rooms.
2. New members receive ten 25% off a $5 meal coupons.
3. Approximately 80% of the coupons are estimated to be redeemed, but even if coupons aren't used, $5 meals would still be discounted by 5%.