BikeLand Ltd manufactures bicycles and sells them for $\pounds 800$ per unit. Each bicycle requires a frame that costs $\pounds 250$ and two wheels that cost $\pounds 35$ per wheel. Each bicycle requires seven hours to make and production employees are paid at a rate of $\pounds 15$ per hour. BikeLand Ltd also has monthly fixed costs of $\pounds 3,500.$ How many bicycles does the firm need to sell in order to break even?   Calculate.

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To solve this question we need to find the breakeven point which is when total revenue equals total ... View the full answer