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TN Auctioneer Practice Questions - Tennessee Licensed Auctioneer Exam

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A Tennessee auction generates $120,000 in gross sales. The auctioneer's contract specifies a sliding commission: 15% on the first $50,000, 12% on the next $50,000, and 10% on everything above $100,000. What is the total commission?
Correct Answer:
$$15,500

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