OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

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An Ohio auctioneer conducts an estate auction. Total sales are $35,000. Commission is 15%. Advertising costs (charged to seller) are $800. Insurance is $200. What are the seller's net proceeds?

$$28,750 $$29,750 $$30,150 $$33,200

Correct Answer:

$$28,750

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