17.Bold Ltd sells a dining table to a customer for $500. To encourage early payment for the dining table, Bold offers the following payment terms:

• 20% discount if payment is received in 10 days
• 10% discount if payment is received in 20 days

Historically, 60 per cent of customers pay within 10 days, 30 per cent of customers pay within 20 days, and 10 per cent of customers pay on the due date.

Applying the expected value approach, what is the revenue that Bold would recognise on the sale of the dining table in accordance with the requirements of AASB 15 Revenue from Contracts with Customers?

Group of answer choices

$425

Nil

$400

$500