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Bidding Sites – How It Works: Example in Numbers
Published 2012/01/17 | 
For example, if products worth $1,000 are sold finally at a value of $60 on bidding sites and a bid priced at $1 increases the cost of the product by $0.01, the auctioneer gets $6,000 for the 6,000 offers and $60 as the selling cost, a complete value of $6,060.