The word peloton means "the main group of cyclists in a race." But Peloton means something different to the million or so fanatics in the United States who have paid up to $2,500 for an internet connected indoor exercise bike and who pay $39 a month to stream live and on-demand classes from Peloton's New York City studio to the tablet connected to the bike. Riders can select their favorite instructor, class length, class type, and even music genre, and they can follow and compete with others. They can also access tons of recorded content. Peloton's success comes from being more than an exercise bike, studio, or cycling class- it is an experience that has created a cultlike following among its subscribers. Peloton's closed Facebook group boasts more than 429,000 members. Peloton offers its bikes and associated services in Canada, the United Kingdom, and Germany. Peloton is continuing its global expansion in Australia, with plans to expand into one or two markets a year. Its plans for Australia include physical showrooms in cities such as Sydney and Melbourne. Peloton bikes will be priced at its cost, $2,895 Australian dollars (AUD), including tax, and the all-access membership to content, where users can create accounts for the entire household, will be $59 AUD per month.

What U.S. dollar sales does your answer in the previous question represent? Use a currency exchange calculator, such as the one at www.xe.com/currencyconverter/, to convert from Australian dollars to U.S. dollars.