NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

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An auctioneer sells 200 lots at an auction. Total hammer prices are $80,000. The seller's commission is 12%, and advertising costs were $1,500. Buyer's premium is 10%. What are the auctioneer's total earnings?

$$9,600 $$11,100 $$17,600 $$19,100

Correct Answer:

$$17,600

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