IL Auctioneer Practice Questions - Illinois Licensed Auctioneer Exam

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A total of 500 bidder paddles are registered at an auction. If 320 bidders make at least one purchase and the total sales are $480,000, what is the average purchase amount per active buyer?

$$960 $$1,200 $$1,500 $$1,600

Correct Answer:

$$1,500

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