Question

Suppose the average yearly salary of an individual whose final degree is a masters is $36 thousand less than twice that of an individual whose final degree is a bachelors. Combined, two people with each of these educational attainments earn $117 thousand. Find the average yearly of an individual with each of these final degrees.

Answer 1

Answer:

Bachelors = $51,000

Masters = $66,000

Step-by-step explanation:

M + B = 117,000

M = 2B - 36,000

2B - 36,000 + B = 117,000

3B = 153,000

B = 51,000

M = 2(51,000) - 36,000 = 66,000