IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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An auctioneer conducts an estate auction with total sales of $62,000. The seller agreed to a 12% commission and $1,800 in advertising expenses. What are the net proceeds to the estate?

$$50,960 $$52,760 $$54,560 $$56,360

Correct Answer:

$$52,760

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