Question

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?

Answer 1

Store should sell about 31 bicycle for average price of $135 each bicycle.

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.