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Auction Cost Calculator

Formula

The formula to calculate the Auction Cost is:

$AUC = SP \times \frac{AF}{100}$

Where:

$AUC$ is the auction cost in dollars
$SP$ is the total auction sell price in dollars
$AF$ is the auction fee in percentage

What is Auction Cost?

Auction Cost (AUC) is the fee charged by an auction house or platform for selling an item. It is calculated by multiplying the total auction sell price by the auction fee percentage divided by 100. This cost is important for sellers to consider as it affects their net earnings from the sale.

Example Calculation 1

Let's assume the following values:

Total Auction Sell Price (SP) = $500
Auction Fee (AF) = 10%

Using the formula:

$AUC = 500 \times \frac{10}{100} = 50 \text{ dollars}$

The Auction Cost is $50.

Example Calculation 2

Let's assume the following values:

Total Auction Sell Price (SP) = $1000
Auction Fee (AF) = 5%

Using the formula:

$AUC = 1000 \times \frac{5}{100} = 50 \text{ dollars}$

The Auction Cost is $50.