Question

A bicycle store costs ​$2400 per month to operate. The store pays an average of ​$50 per bike. The average selling price of each bicycle is ​$80. How many bicycles must the store sell each month to break​ even?

Answer 1

2400+60n= store's operating costs

120n=store's profits

120n=2400+60n is the break-even point

60n=2400

n=40 bikes need to be sold monthly to break even.