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This video tutorial demonstrates how to reduce the size of an Excel file without deleting data. It is important to save a copy of the file before starting the process. The first step is to compress picture sizes by selecting the picture, going to picture format, and choosing compress under adjust. There are different options available for compressing pictures, such as giving 220 ppi for best printing results. An alternative method is to go to file, click on more, then options, and finally advanced. Scroll down to image size and quality, where you can select discard editing data and not compress image files. This allows for reducing the ppi to make pictures smaller.