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7.
In view of the present global financial crisis, the Finance Minister decided to slash the excise duties to boost demand and propel economic growth. The excise duty on cement was reduced by 30% of its present amount to boost the spending in the infrastructure. What should be the percentage increase in the consumption of cement so that the revenue of the government remains unchanged?
1). 42 5
7% 2). 42 6
7% 3). 34 6
7% 4). 34 5
7% asked in FMS
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