SOLUTION: The manager of a company planned to distribute a $50 bonus to each employee from the company fund, but the fund contained $5 less than what was needed. Instead the manager gave ea

Question 53297: The manager of a company planned to distribute a $50 bonus to each employee from the company fund, but the fund contained $5 less than what was needed.
Instead the manager gave each employee a $45 bonus & kept the remaining $95 in the company fund. What was the amount of money in the company fund before any bonuses were paid?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The manager of a company planned to distribute a $50 bonus to each employee from the company fund, but the fund contained $5 less than what was needed.
Instead the manager gave each employee a $45 bonus & kept the remaining $95 in the company fund. What was the amount of money in the company fund before any bonuses were paid?
---------------------
Let "x" be the number of employees.
EQUATION:
50x-5 = 45x+95
5x=100
x=20 employeed
Now, let y be the amount in the fund.
20(50)=y+5
20(45)=y-95
y=$995
Cheers,
Stan H.
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