Question

1) The excise duty on a certain item has been reduced to Rs 760 from Rs
950. Find the reduction per cent in the excise duty on that item.

Answer 1

The original excise duty on a certain item = ₹ 950

The reduced excise duty on a certain item = ₹ 760

The total amount reduced = (950 – 760)

= ₹ 190

Percentage of reduction = (reduced amount/original amount) × 100

= (190/950) × 100

= (19/95) × 100

= 20%

Hence, the percentage reduction in excise duty on a certain item is 20%