OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

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An Ohio auctioneer conducts a farm equipment auction with total sales of $250,000. The sliding commission is: 10% on the first $100,000, 8% on $100,001-$200,000, and 5% on amounts over $200,000. What is the total commission?

$$15,000 $$18,000 $$20,500 $$25,000

Correct Answer:

$$20,500

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