TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

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A Tennessee auctioneer conducts a farm equipment auction. A buyer purchases a tractor for $25,000 with a 10% buyer's premium. What is the total amount the buyer pays (before sales tax)?

$$25,000 $$27,000 $$27,500 $$30,000

Correct Answer:

$$27,500

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