Question

The custom duty on goods has been reduced to Rs. 580 from Rs. 870. Find the percent decrease in the custom duty.

Answer 1

Decrease % = (Increase in value / Original Value) * 100

Increase in value = 870 - 580 = Rs. 290

Decrease % = (290 / 870) * 100

= (1 / 3)*100

= 33.33%

Answer 2

Greetings..!

Original duty = Rs 870

Reduced duty = Rs 580

Reduce = original - reduced = 870 - 580 = Rs 290

Answer : hence, reduction percentage = 33.33%

Reduction percent = reduction / original * 100 = 290/870*100 = 33.33%