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A bicycle store costs $3300 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
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Mar 8, 2018
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A bicycle store costs $3300 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?
50 POINTS
ASAP
Mathematics
high-school
Mason Zhang
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the answer would be 50
hope this helps best of luck
terribly sorry if i am wrong
TorontoKid
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Mar 9, 2018
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TorontoKid
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S=Selling price 135
V=Variable cost 75
F=Fixed cost 3300
Let quantity be Q
The formula to break even is
135Q-75Q-3300=0
Solve for Q
60Q-3300=0
60Q=3300
Q=3300/60
Q=50
So the store must sell 50 bicycles to break even
Hope it helps!
Jesse Dupuy
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Mar 11, 2018
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Jesse Dupuy
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