NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

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An item sells at auction for $8,000 with a 15% buyer's premium. The auctioneer's commission from the seller is 10%. What is the auctioneer's total revenue from this sale?

$$800 $$1,200 $$2,000 $$2,800

Correct Answer:

$$2,000

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