Steve owns a bike store.His total costs are $1.2 million per year.Last year,Steve sold 1,200 bikes.Steve's average total cost was ________ per bike.

Name: Steve owns a bike store.His total costs are $1.2 million per year.Last year,Steve sold 1,200 bikes.Steve's average total cost was ________ per bike.
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Question

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The average total cost per bike is calculated by dividing the total costs by the number of bikes sold: $1,200,000 / 1,200 bikes = $1,000 per bike.

Steve Owns a Bike Store