Complete question :
Suppose the average yearly salary of an individual whose final degree is a master's is $55 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 ?$116 thousand. Find the average yearly salary of an individual with each of these final degrees.
Answer:
Average salary of a bachelor's degree holder = $57,000
Average salary of a master's degree holder = $59,000
Step-by-step explanation:
Let:
Average salary of a bachelor's degree = b
Salary of a master's holder = 2b - 55000
Combined salary of both degrees :
b + (2b - 55000) = 116000
b + 2b - 55000 = 116000
3b = 116000 + 55000
3b = 171000
Divide both sides by 3
3b/3 = 171000/3
b = 57000
Hence,
Average salary of a bachelor's degree holder = $57,000
Average salary of a master's degree holder = 2(57000) - 55000 = 59,000
