Question

A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bicycle. The average selling price of each bicycle is $120. How many bicycles must the store sell each month to break even?

Answer 1

Answer:

They need to sell 40 bikes to break even.

Explanation:

They pay $60 per bike then sell it for 120 so they get a profit of $60 dollars each time they sell a bike. 2400 divided by 60 = 40. That makes tthem break even