A bicycle store costs $1750 per month to operate. The store pays an average of $65 per bike. The average selling price of each

Question

3 years ago

13

bicycle is $115. How many bicycles must the store sell each month to break even?

2 answers:

alexdok [17] · Answer 1 · 2022-07-26T18:32:47+03:00

3 0

Answer:

The store must sell 35 bikes to break even.

Step-by-step explanation:

115-65 = 50. 1750 divided by 50 = 35.

Gwar [14] · Answer 2 · 2022-07-26T20:02:53+03:00

Answer:you must sell 35 bikes each month to break even

Step-by-step explanation:

The point at which you break even is the point when there is neither profit nor loss. It mean that

Revenue - cost = 0

Revenue = cost

The cost of operating the bicycle per month is $1750

The store pays an average of $65 per bike. Let x represent the number of bikes that the store gets in a month. The total cost of x bikes would be

1750 + 65x

The average selling price of each bicycle is $115. Total revenue from x bikes would be

115 × x = 115x

Therefore, to break even,

1750 + 65x = 115x

115x - 65x = 1750

50x = 1750

x = 1750/50 = 35

A bicycle store costs ​$1750 per month to operate. The store pays an average of ​$65 per bike. The average selling price of each