The projected subgradient algorithms can be considered as an improvement of the projected algorithms and the subgradient algorithms for the equilibrium problems of the class of monotone and Lipschitz continuous operators. In this paper, we present and analyze an iterative algorithm for finding a common element of the fixed point of pseudocontractive operators and the pseudomonotone equilibrium problem in Hilbert spaces. The suggested iterative algorithm is based on the projected method and subgradient method with a linearsearch technique. We show the strong convergence result for the iterative sequence generated by this algorithm. Some applications are also included. Our result improves and extends some existing results in the literature.