Question 1049111
This is a fairly clear, although wordy, two-variable linear systems application problem.  Literal symbolizing is all you need to do.


y, Salary for Master's Degree person
x, Salary for Bachelor's Degree person


{{{system(y=-49+2x,x+y=116)}}}, and the money values are in THOUSANDS OF DOLLARS PER YEAR.


Review the problem description and the analysis just given until you understand it.  


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Do you understand?  If you do, then solving the system will be uncomplicated.  Simple substitution will work; or adjust both equations into standard form  (one of them already being in such form) and you could use Elimination Method if you are familiar.