Question

The manger of a company planned to distribute a $50 bouns to each employee from the company fund, but the fund contained $5 less than what was needed. Instead, the manger gave each employee a $45 bouns and kept the remaing $95 in the company fund. How much money was in the company fund before any bonuses were paid?

Answer 1

The total company fund before any bonuses were paid is $995 and there were 20 staffs.

What is an equation?

An equation is an expression that shows the relationship between two numbers and variables.

An independent variable is a variable that does not depend on any other variable for its value whereas a dependent variable is a variable that depend on any other variable for its value.

Let y represent the total company fund and x represent the number of staffs.

From the first statement:

y - 50x = -5  (1)

Also:

y - 45x = 95    (2)

From equation 1 and 2:

x = 20, y = 995

The total company fund before any bonuses were paid is $995 and there were 20 staffs.

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