A price estimate for performing a job has been compiled and the total costs of the project are $775,000. What will be the total bid if the company requires a 23% MARKUP on all costs?

To determine the total bid when a company requires a 23% markup on total costs, first, you need to calculate the amount of the markup based on the provided costs.

The total costs of the project are $775,000. Calculating the markup involves multiplying the total costs by the markup percentage:

1. Calculate the markup amount:

[

\text{Markup} = \text{Total Costs} \times \text{Markup Percentage} = 775,000 \times 0.23 = 178,250

]

2. To find the total bid, add the original costs to the markup:

[

\text{Total Bid} = \text{Total Costs} + \text{Markup} = 775,000 + 178,250 = 953,250

]

Thus, the total bid reflects the original costs plus the required 23% markup, which totals $953,250. This is why the chosen answer is correct, as it accurately represents the total bid that includes both the costs of the project and the mandatory markup percentage. The other options do not correctly account for the full calculation required to achieve the total bid amount.