A bicycle store costs $2250 per month to operate. The store pays an average of $55 per bike. The average selling price of each bicycle is $85. How many hicycles store sell each month to break even?

Answer 1

Let's denote the number of bicycles sold each month as x.

The revenue from selling the bicycles would be 85x, as each bicycle sells for $85.

The cost of operation is $2250 per month.

The cost of purchasing the bicycles to sell would be 55x, as each bicycle costs $55.

To break even, the revenue should be equal to the cost of operation.

So, we can set up the equation:

85x = 2250 + 55x

We can subtract 55x from both sides of the equation to isolate x:

85x - 55x = 2250

Simplifying further:

30x = 2250

Dividing both sides of the equation by 30:

x = 2250/30

x = <<2250/30=75>>75

Therefore, the bicycle store needs to sell 75 bicycles each month to break even.