Question

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 1

$\fontsize{18}{10}{\textup{\textbf{The renters pay 84 Dollars less}}}$

Step-by-step explanation:

Present Rent=$875

Rent after raising 20%

=875+20% of 875

=875+ 20*875/100

=875+175

=1050

Rent after giving 8% discount on markup

=1050-8% of 1050

=1050- 8 *1050/100

=1050- 84

=966

They pay $84 less