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Steve Bolten sold his sailboat for \$225000. He paid a sales commission of 10% (\$22500) to the boat brokers, had legal fees of \$500, and had additional selling costs of \$1000. What are Steve's total transcation costs. What are transaction costs as a percentage of gross selling price?

Basic Finance, Finance

• Category:- Basic Finance
• Reference No.:- M943847

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