OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

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Calculate: An auction has 80 lots. 65 lots sell for a total of $95,000. The auctioneer's commission is 10% and the buyer's premium is 12%. What is the auctioneer's total revenue?

$$9,500 $$11,400 $$20,900 $$22,400

Correct Answer:

$$20,900

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