Question

3. The company, I Love Bikes!, sells bikes. The bikes cost on average $250. a. Find the revenue, R(x), as a function of the number of bikes, x, sold. (Revenue is the total amount of money taken in for selling x bikes. Interpret the slope of you line in terms of the problem. b. Using your function in part a (not guess and check), what is the company's revenue if they sell 500 bikes? c. The company must make at least $567,211 dollars in revenue to break even. How many bikes must they sell to break even? (The break even point is the point where the company is no longer losing money and about to make money). You must use your equation in part a and may not use guess and check, round up to the nearest bike.

          3. The company, I Love Bikes!, sells bikes. The bikes cost on average $250.
a. Find the revenue, R(x), as a function of the number of bikes, x, sold. (Revenue is the
total amount of money taken in for selling x bikes. Interpret the slope of you line in
terms of the problem.
b. Using your function in part a (not guess and check), what is the company's revenue if
they sell 500 bikes?
c. The company must make at least $567,211 dollars in revenue to break even. How many
bikes must they sell to break even? (The break even point is the point where the
company is no longer losing money and about to make money). You must use your
equation in part a and may not use guess and check, round up to the nearest bike.

3. The company, I Love Bikes!, sells bikes. The bikes cost on average 250.
a. Find the revenue, R(x), as a function of the number of bikes, x, sold. (Revenue is the
total amount of money taken in for selling x bikes. Interpret the slope of you line in
terms of the problem.
b. Using your function in part a (not guess and check), what is the company's revenue if
they sell 500 bikes?
c. The company must make at least567,211 dollars in revenue to break even. How many
bikes must they sell to break even? (The break even point is the point where the
company is no longer losing money and about to make money). You must use your
equation in part a and may not use guess and check, round up to the nearest bike.

Added by Chelsea R.

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