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This video tutorial demonstrates how to reduce Excel file size without deleting data by compressing pictures. Before attempting this, save a copy of the file. Start by selecting the picture, going to picture format, and compressing it under adjust. Choose the desired compression options, such as 220ppi for printing. For a quicker method, go to file, click on options, then advanced, and select image size and quality. Ensure to discard editing data and not compress image files. Adjust the PPI to reduce the file size permanently.