MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

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An auction produces the following results: Lot 1 sells for $3,200, Lot 2 for $1,800, and Lot 3 for $5,000. With a 10% commission and $200 in expenses, what are the seller's net proceeds?

$$8,800 $$9,000 $$9,200 $$8,500

Correct Answer:

$$8,800

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