A bicycle store cost $2400 per month to operate. the store pays an average of $60 per bike. the average selling price of each bi

Question

3 years ago

6

cycle is $120 how many bicycles must the store sell each month to break even.

1 answer:

algol [13] · Answer 1 · 2022-06-22T19:50:29+03:00

The store must sell 40 bikes each month to break even.

Step-by-step explanation:

Given,

Operating cost of store = $2400

Average paid per bike = $60

Average selling price of one bike = $120

Let,

x be the number of bicycle.

Therefore, to break even

Total operating costs per month = Total bikes sold each month

2400+60x = 120x

Subtracting 60x from both sides

$2400+60x-60x=120x-60x\\2400=60x\\60x=2400\\$

Dividing both sides by 60

$\frac{60x}{60}=\frac{2400}{60}\\x=40$

The store must sell 40 bikes each month to break even.

Keywords: linear equation, subtraction

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