OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

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An Ohio auctioneer charges a 15% commission. At an auction, Lot 1 sells for $2,000, Lot 2 for $3,500, and Lot 3 for $4,500 (all from the same consignor). What is the seller's total net proceeds?

$$8,500 $$7,225 $$8,025 $$7,500

Correct Answer:

$$8,500

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