N/B The amount is in thousands
The total amount earned by a Bachelor's person be $x:
amount earned by a masters person will be $(2x-38)
Total amount earned by the two individuals will be:
x+(2x-38)=115
solving for x we get:
x+2x-38=115
3x=115+38
3x=153
x=153/3
x=51
also:
2x-38=2*51-38=64
therefore we conclude that master's individual earns average of $ 64,000 while the Bachelor's individual earns $51,000.
