The average yearly salary of an American whose final degree is a master’s is $49

Question

The average yearly salary of an American whose final degree is a master’s is $49,000 less than twice that of an American whose final degree is a bachelor’s. Combined, two people with each of these educational attainments earn $116,000. Find the average yearly salary of Americans with each of these final degrees. The average yearly salary of an American whose final degree is a master’s is $49,000 less than twice that of an American whose final degree is a bachelor’s. Combined, two people with each of these educational attainments earn $116,000. Find the average yearly salary of Americans with each of these final degrees. The average yearly salary of an American whose final degree is a master’s is $49,000 less than twice that of an American whose final degree is a bachelor’s. Combined, two people with each of these educational attainments earn $116,000. Find the average yearly salary of Americans with each of these final degrees.

Explanation / Answer

x = bachelor

y = master

y = 2x - 49000

x + y = 116000

standard form:

2x - y = 49000

x + y = 116000

___________

3x=165000

x=55000

now

x + y = 116000

55000+y=116000

y=61000

x = bachelor = $55000

y = master = $61000

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