LA Auctioneer Practice Questions - Louisiana Licensed Auctioneer Exam

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An auctioneer collects $8,500 in sales at an auction. The seller's commission is 12%, and the auctioneer advanced $350 for advertising. What net amount is due to the seller?

$$6,630 $$7,130 $$7,480 $$7,830

Correct Answer:

$$7,130

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