A bicycle store costs $2450 per month to operate. The store pays an average of $75 per bike. The average selling price of each bicycle is $145. How many bicycles must the store sell each month to break even?
The store must sell bicycles each month to break even

35

Step-by-step explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Variable costs are costs that vary with production

fixed cost = $2450

Variable cost = $75

price = $145

(2450) / (145 - 75) = 35

wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.