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Question

The exercise duty on a certain item has been reduced to s.580fromRs.870$.Find the percentage reduction in the excise duty for that item.

Solution
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Old excise duty=Rs.870
New excise duty=Rs.580
Decrease in excise duty=Rs.870Rs.580=Rs.290
Percentage decrease in excise duty=Decreaseoriginalvalue×100%=290870×100=33.33%

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