A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bike. The average selling price of each bicycle is $120. How many bicycles must the store sell each month to break even?
I need to use an x and a y for my variables, x being the number of bikes and y being the cost and profit.

Question

A bicycle store costs $2400 per month to operate. The store pays an average of $60 per bike. The average selling price of each bicycle is $120. How many bicycles must the store sell each month to break even?
I need to use an x and a y for my variables, x being the number of bikes and y being the cost and profit.

whpalmer4 · Answer

Write some formulas!  

What is the profit per bike sold?

whpalmer4 · Answer

(I'm not including the store's operating costs in that "profit" — just how much profit from the sale of one bike)

anonymous · Answer

I need help writing the formulas...

whpalmer4 · Answer

how much profit on the sale of a single bike?  selling price - cost