Question

a bicycle store costs $3300 per month to operate. The store pays an average of $35 per bike. The average selling price of each bicycle is $145. How many bicycles must the store sell each month to break even

Answer 1

they would have to sell 23 bikes

Explanation:

If they had to pay $35 per bike and $3300 per month, they would have to buy 23 bikes. and then sell those bikes.

If you take the amount they sell the bikes for and divide it by the cost per month of the store you would get 22.75 you should then round that to 23. that then also covers the cost of the bikes.