A bicycle store costs $4200 per month to operate. The store pays an average of $75 per bike. The average selling price of each
bicycle is $135. How many bicycles must the store sell each month to break even?
1 answer:
Store should sell about 31 bicycle for average price of $135 each bicycle.
Step-by-step explanation:
- To find bike we need Algebra to solve the equation.
- when x = 1 , Y = 135 *x
- When x 2 , Y = 135 *2
- Formula you could apply to go for break even y = 135*x
- Bicycle store pays about $4200
- Algebra used for every business and working to make easy task.
- It takes about 31 bicycle a month to get into break even.
- Every store needs break even to not incur lost.
- Break even point is equilibrium between income and expenses.
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