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Vikentia [17]
2 years ago
7

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
Mathematics
1 answer:
alex41 [277]2 years ago
8 0

Answer:

\$\ 829464

Step-by-step explanation:

Bid of first company:

Bid is 7\% more

7\% of 760000=\frac{7}{100}\times760000=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 =\frac{2}{100}\times 813200=16264

Hence Bid of second company =813200+16264=829464

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2 years ago
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