His old apartment cost 1200 * 12 = $14,400 per year. His new apartment 1200 * 1.4 = $1680 per month. That means it cost 1680 / 3 = $560 per month. So it cost 560 * 12 = $6720. So he saves 14400 - 6720 = $7680.is the reasoning for what question and answer pair?
Q: John and his two brothers decide to split the cost of an apartment. It is 40% more expensive than John's old apartment which costs $1200 per month. How much does John save per year by splitting the apartment compared to living alone?
A: 7680