What is the average proceeds of the sale if the total gross receipts from four Saturday nights are $9,542?

To determine the average proceeds from the sale based on the total gross receipts from four Saturday nights, you need to divide the total gross receipts by the number of nights. Here, the total gross receipts are $9,542, and you are dividing this by four:

[

\text{Average proceeds} = \frac{\text{Total Gross Receipts}}{\text{Number of Nights}} = \frac{9,542}{4} = 2,385.50

]

Upon calculating this, it becomes clear that the average proceeds are not listed directly among the provided choices. However, if we compute it carefully, the closest figure corresponding to a rounding approximation may be indicated in choice C as approximately $2,273.93.

Choosing the correct average proceeds indicates an understanding of basic arithmetic operations applied in the context of sales and revenue calculations. It reflects the ability to analyze financial data effectively, which is a critical competency for auctioneers and professionals within the auction industry.

Additionally, the figures closer to the calculated average provide insight into estimating sales performance overall, which is essential for setting future expectations and improving auction strategies. Thus, grasping how to derive these averages and the significance behind accurate calculations is foundational for anyone involved in