Question

Q-10 The excise duty on an article is reduced from Rs-820 to Rs-738. Find the percentage reduction in the excise duty on that article.

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Answer 1

Answer:

There was 10% reduction in the excise duty.

Step-by-step explanation:

Percentage reduction = (Original price - Reduced price)/Original price x 100%

= (Rs 820 - Rs 738)/Rs 820 x 100%

= Rs 82/Rs 820 x 100%

= 1/10 x 100%

= 10%