Question

the excise duty on a certain item has been reduced to RS.760 from RS.950. find the reduction percent in the excise duty on the item?

Answer 1

Given,

The initial excise duty before the reduction is rs. 950

The final excise duty after the reduction is rs. 760

To find,

The percentage of the reduction in the excise duty.

Solution,

We have to calculate the the percentage of reduction in the excise duty with respect to the initial excise duty.

Reduction amount = Initial excise duty - Final excise duty = 950-760 = rs. 190

Now,we need to apply the following mathematical formula,

Percentage of reduction = 100× amount of reduction/initial excise duty = 100 × 190/950 = 20%

Hence,20% reduced in the excise duty.

Answer 2

Step-by-step explanation:

From the question,

The original excise duty on a certain item =Rs.950

The reduced excise duty on a certain item =Rs.760

The total amount reduced =(950−760)

=Rs.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%