Question

Suppose the average yearly salary of an individual whose final degree is a​ master's is ​$47 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

Master's:y, y=2x-47000
bachelor's:x, x=x

x+y=124000
x+2x-47000=12400
3x-47000=124000
3x=171000
x=57000

y=2x-47000
y=2(57000)-47000
y=114000-47000
y=67000

Answer:Master's:$67,000, Bachelor's:$57,000

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