SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

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An auctioneer sells an estate with total gross sales of $75,000. Commission is 18% and pre-approved expenses are $3,200. What are the net proceeds to the estate?

$$58,300 $$61,500 $$55,800 $$56,800

Correct Answer:

$$58,300

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