Question

A bicycle store costs ​$1750 per month to operate. The store pays an average of ​$65 per bike. The average selling price of each bicycle is ​$115. How many bicycles must the store sell each month to break​ even?

Answer 1

The store must sell 35 bikes to break even.

Explanation:

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

Answer 2

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

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