imc

Question

A semipro baseball league has teams with 21 players each. League rules state that a player must be paid at least 15,000 and that the total of all players' salaries for each team cannot exceed 700,000. What is the maximum possible salary, in dollars, for a single player?

Accepted Answer

The maximum salary for a single player occurs when the other 20 players receive the minimum salary. The total of all players' salaries is 700000. The answer is 700000-15000*20=400000 400,000.