1. A store advertises 15% off an item that regularly sells for $300. A. What is the sale price of the item?Answer: $255B. How is a 15% discount similar to a 15% decrease? Explain.Answer: in both cases you are subtracting 15% of the whole from the whole.C. If 8% sales tax is charged on the sale price, what is the total with tax?Answer: $ 275. 40D. How is 8% sales tax like an 8% increase? Explain.Answer: in both cases you are adding 8% of the whole to the whole.2. An item that was selling for $72 is reduced to $60. Find the percent decrease in price. Round your answer to the nearest tenth.Answer: 16. 7% decrease3. A baseball team had 80 players show up for tryouts last year and this year had 96 players show up for tryouts. Find the person increase in players from last year to this year.Answer: 20%4. At a student council meeting, there was a total of 60 students present. Of those students, 35 were females.A. By what percent is the number of females greater than the number of males?Answer: 40%B. By what percent is the number of males less than the number of females?Answer: 29%C. Why is the percent increase and percent decrease in parts (a) and (b) different?Answer: the difference in the number of males and females is the same and each case, but the whole quantities and parts (a) and (b) are different.