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I REALLY NEED HELP A bicycle store costs ​$1600 per month to operate. The store pays an average of ​$75 per bike. The average selling price of each bicycle is ​$115. How many bicycles must the store sell each month to break​ even?

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Based on the cost to operate and the amount made from each bike, the company needs to sell 40 bikes.

Bikes to be sold to breakeven

You can find out the number of bikes to be sold using the formula:

Breakeven quantity = Fixed Cost / Contribution margin

Breakeven quantity = Fixed costs / (Selling price - Cost of bike)

Solving gives:

= 1,600 / (115 - 75)

= 40 bikes

In conclusion, they need to sell 40 bikes.

Find out more about breakeven at https://brainly.com/question/2846088.

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