SOLUTION: A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bike. The avaerage selling price of each bike is $120. How many bicycles must the store sell
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Question 747656: A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bike. The avaerage selling price of each bike is $120. How many bicycles must the store sell each month to break even. Please show work. Its greatly appreciated. Answer by FrankM(1040) (Show Source):
You can put this solution on YOUR website! Profit per bike = sale price minus cost or $120 - $60 = $60
$2400 overheard per month / $60 profit per bike = 40 bikes to pay overhead.
