Question

A stadium asked for $760,000 for naming rights. During a bidding war for the stadium naming rights, one company bid 7% more than the amount requested, and a second company bid 2% more than what that company bid. How much did the second company bid

Answer 1

$829,464

Explanation:

Answer 2

`\$\ 829464`

Explanation:

Bid of first company:

Bid is
`7\%` more

`7\%` of
`760000=(7)/(100)*760000=53200`

Bid of first
`=760000+53200=813200`

Bid of second company:

Bid of second is
`2\%` greater than that of first

`2\%` of first bid
`=(2)/(100)* 813200=16264`

Hence Bid of second company
`=813200+16264=829464`