SOLUTION: A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bicycle that is sold in the shop. This is called a company’s overhead. The average selling

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bicycle that is sold in the shop. This is called a company’s overhead. The average selling      Log On


   

Question 1035165: A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bicycle that is sold in the shop. This is called a company’s overhead. The average selling price of each bicycle is $120. How many bicycles must the store sell each month to break even?
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
2400+60n= store's operating costs
120n=store's profits
120n=2400+60n is break-even point
60n=2400
n=40 bikes need to be sold monthly to break even!!!!!!!!!!!!