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Peters Bicycle company assembles M - 5 trail bikes that sell for $ 7 0 0 per bike. The materials and parts for each bike

Peters Bicycle company assembles M-5 trail bikes that sell for $700 per bike. The materials and parts for each bike cost 239 $/bike. The overhead cost for operating his shop is $5,630. per week. a) What is the contribution margin for each bike sold? b) What is the break even point in weekly sales? c) How many bikes does he have to sell in a week to make $2,000. profit?

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