IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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An Illinois auctioneer conducts a farm equipment auction that generates $85,000 in gross sales. The commission is 10% and expenses total $3,200. How much must the auctioneer remit to the seller?

$$73,000 $$73,300 $$75,800 $$76,500

Correct Answer:

$$73,300

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