The excise duty on a certain item is reduced to Rs. 870 from Rs.1160. Find the percentage
reduction in the excise duty for that item.
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Step-by-step explanation:
75 percent is the answer
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Answer:
Old excise duty=Rs.870
New excise duty=Rs.580
Decrease in excise duty=Rs.870−Rs.580=Rs.290
Percentage decrease in excise duty=originalvalueDecrease×100%=870290×100=33.33%
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