IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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An auctioneer sells an antique car for $35,000. The agreed commission is 10% of the first $20,000 and 5% of any amount above $20,000. What is the total commission?

$$2,750 $$2,500 $$3,500 $$1,750

Correct Answer:

$$2,750

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