IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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An auctioneer sells livestock at an Illinois auction. The total sale is $28,000 with a 7% commission. The seller also owes $800 for hauling and $400 for yardage. What net proceeds does the seller receive?

$$24,740 $$24,840 $$25,040 $$25,840

Correct Answer:

$$24,840

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