Question

Suppose the average yearly salary of an individual whose final degree is a​ master's is ​$50 thousand less than twice that of an individual whose final degree is a​ bachelor's. Combined, two people with each of these educational attainments earn ​$124 thousand. Find the average yearly salary of an individual with each of these final degrees.

Answer 1

Bachelor's degree salary = $53000

Master's degree salary = $66000

Step-by-step explanation:

Given that :

Let Salary of bachelor's degree holder = x

Salary of Master's degree holder = 2x - 40000

Master's salary + bachelor's salary = $119,000

Hence,

Master's salary + bachelor's salary = 119,000

2x - 40000 + x = 119,000

3x = 119000 + 40000

3x = 159000

x = 159000 / 3

x = $53,000

Bachelor's degree salary = $53,000

Master's degree salary ; 2x - 40000 ; 2(53000) - 40000 = $106,000 - $40,000 = $66000