The Multi-Item Auction Final Amount Calculator computes the total auction cost for multiple items, considering individual bid prices, a single buyer's premium percentage, and an optional tax rate. This tool simplifies auction cost analysis by providing a combined bid price and detailed breakdowns of the buyer's premium, tax, and final amount.
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Buyer's Premium: 10% Tax Rate: 8% Bid Prices: $500, $1,000, $750
Add the item's cost together:
500 + 1000 + 750 = 2250
Combined Bid Price: $2250.00
Calculate the buyer's premium:
2250 * (10 ÷ 100) = 2250 * 0.1 = 225
Total Buyer's Premium: $225.00
Calculate the 8% tax amount on the items cost + buyer's premium:
2250 + 225 = 2475 2475 * (8 ÷ 100) = 2475 * 0.08 = 198
Total Tax Amount: $198.00
2475 + 198 = 2673
Final Total Amount: $2,673.00>
This calculator is ideal for efficiently calculating auction costs for multiple items with consistent buyer's premiums and tax rates.