An entity enters into a contract with a customer A to sell groceries at its market price INR 200, and the arrangement includes a 40% discount…

An entity enters into a contract with a customer A to sell groceries at its market price INR 200, and the arrangement includes a 40% discount voucher on future purchases. Simultaneous seasonal promotion gives all customers a 10% discount, therefore, customer A receives an incremental discount of 30% (40% discount in the contract less the 10% discount available to all customers). Entity determines there is an 80% likelihood of redemption and estimates that customers will purchase (on average) INR 50 of additional groceries. Based on the facts given above, choose the most appropriate answer to Questions 1 to 5 below as per the relevant Ind AS.