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In this video tutorial, Pankaj discusses how to delete a record type, which can be tricky due to default assignments. To delete a record type, you must first remove it as the default value and ensure it is active. In a more complex scenario where record types are assigned to different profiles, such as system admin and standard platform user, removing one default value may make it difficult to remove the other. To tackle this, all record types must be removed from the profile and a master record type assigned before deletion can occur.