Answer:
The transaction price is $68,400
Step-by-step explanation:
The computation of the transaction price is shown below:
= Flat fee of contract + Additional amount × estimated percentage
= $62,000 + $32,000 × 20%
= $62,000 + $6,400
= $68,400
For computing the accurate transaction price, we have to add the flat fee with the estimated percentage and the additional amount.