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This video tutorial demonstrates how to reduce the Excel file size without deleting data. It is essential to save a copy of the file before attempting this. The initial file size is 1232 kb. To reduce the size, compress picture size by selecting the picture, going to picture format, and choosing compress under adjust. Options include reducing picture format to 220 ppi for printing or cropping. An alternative method is to go to file, click on more, options, advanced, and selecting image size and quality. Ensure to discard editing data and not compress image file to reduce ppi for smaller size.