an apartment costs $875 per month to rent. the owner raises the price by 20% and then gives a discount of 8%…

an apartment costs $875 per month to rent. the owner raises the price by 20% and then gives a discount of 8% to renters who sign an 18-month lease. how much less do renters who sign an 18-month lease pay per month to rent the apartment?

an apartment costs $875 per month to rent. the owner raises the price by 20% and then gives a discount of 8% to renters who sign an 18-month lease. how much less do renters who sign an 18-month lease pay per month to rent the apartment?

Answer

Explanation:

Step1: Calculate the 20% rent increase

First, find the new rent after a 20% raise. The original rent is $875. The increase amount is $875 \times 0.20 = 175$. The new rent before discount is $875 + 175 = 1050$, or directly: $875 \times (1[LLM SSE On Failure]