OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

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An Ohio auctioneer sells 150 lots at a multi-day auction. Total hammer prices are $120,000. Buyer's premium is 12%. How much total does the auctioneer collect from buyers?

$$120,000 $$134,400 $$132,000 $$126,000

Correct Answer:

$$134,400

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