LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

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A Louisiana auctioneer charges a 10% commission and a 15% buyer's premium. If an item sells for a hammer price of $2,000, what is the total amount the buyer pays?

$$2,000 $$2,200 $$2,300 $$2,500

Correct Answer:

$$2,300

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