To calculate the bike cost per ride:
\[ BCPR = \frac{BC}{R} \]
Where:
The bike cost per ride is a measure of the average cost incurred for each ride taken on a bike. It is calculated by dividing the total cost of the bike by the number of rides. This metric is useful for understanding the cost efficiency of using a bike over time.
Let's assume the following values:
Step 1: Divide the total bike cost by the number of rides:
\[ BCPR = \frac{1000}{50} = 20 \]
So, the bike cost per ride is $20 per ride.
Let's assume the following values:
Step 1: Divide the total bike cost by the number of rides:
\[ BCPR = \frac{1500}{75} = 20 \]
So, the bike cost per ride is $20 per ride.