Question

The excise duty on a certain item has been reduced to ruppees 760 from ruppes 950. Find the reduction percent in the excise duty on that item.

Answer 1

Original amount = Rs 950

New amount = Rs 760

Find the reduction:

Reduction = Original Price - New Price

Reduction = 950 - 760 = 190

Find the reduction percentage:

Reduction percentage = reduction/cost price x 100

Reduction percentage =190/950 x 100 = 20%

Answer: The item was reduced by 20%

Answer 2

here is your answer OK


We know that,Decrease %=Decrease in valueOriginal value×100%Now, Original price=Rs 950Decreased price=Rs 760Decrease in value=Rs950-Rs760=Rs190Thus,Decrease %=190950×100%=20%Hence, Reduction percent is 20%.