NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

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An auctioneer sells farm equipment for a total of $150,000. The consignment agreement calls for a sliding commission: 15% on the first $50,000, 10% on the next $50,000, and 5% on amounts over $100,000. What is the total commission?

$$10,000 $$12,500 $$15,000 $$17,500

Correct Answer:

$$15,000

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