OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

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An Ohio auctioneer collects $40,000 in total auction proceeds. The consignment agreement specifies a 12% commission. How much does the auctioneer remit to the seller?

$$33,200 $$35,200 $$36,800 $$38,000

Correct Answer:

$$35,200

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