Question

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

Answer 1

Given excise duty on the item is reduced from Rs 950 to Rs 760
Amount reduced = Rs 950 – Rs 760
                           = Rs 190
Percentage reduction = (190/950) × 100
                                   = (19 × 20) /19
                                   = 20%

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