Answer:
[tex]\$\ 829464[/tex]
Step-by-step explanation:
Bid of first company:
Bid is [tex]7\%[/tex] more
[tex]7\%[/tex] of [tex]760000=\frac{7}{100}\times760000=53200[/tex]
Bid of first [tex]=760000+53200=813200[/tex]
Bid of second company:
Bid of second is [tex]2\%[/tex] greater than that of first
[tex]2\%[/tex] of first bid [tex]=\frac{2}{100}\times 813200=16264[/tex]
Hence Bid of second company [tex]=813200+16264=829464[/tex]
