Answer:
75
Step-by-step explanation:
Given That :
Operation cost = $2250 per month
Purchase price per bike = $40
Average selling price per bike = $70
How many bicycles must the store sell each month to break even ;
Break even point = point at which there is net profit / loss = 0
Let number of bicycles store must sell = x
Operation cost + (purchase price * Number of bicycles) = selling price * Number of bicycles
2250 + 40x = 70x
2250 = 70x - 40x
2250 = 30x
x = 2250 / 30
x = 75
To break even 75 bicycles must be sold
Answer:
- scientific or graphing calculator
- TVM solver
- spreadsheet
Step-by-step explanation:
For many future-value calculations, a scientific calculator is a sufficient tool. Of course, one must know the appropriate formula to use.
A good alternative when the calculation is a little messy is a TVM solver or special-purpose financial calculator. I prefer this tool because it requires little more than entering numbers in to the right slots.
Most modern spreadsheet programs and apps come with financial formulas built in. So, they, too, can be easy tools to use for calculating future value. These are especially handy when a number of scenarios need to be explored. (I always have to look up the formulas to see which one is appropriate and what its inputs are. So, I find a spreadsheet less useful for a simple calculation.)
The fraction is written as 3/4.
If you divide 3 by 4 you will get the decimal.
-6a+10=-4a-16
-6a+26=-4a
26=2a
A=13
