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When your Excel file is 4.9 megabytes but only contains two sheets, one with 200 rows of data and the other practically empty, it may have unused formatting and metadata that can be optimized for better performance. By checking performance through the Review Check Performance feature in Excel on the web, you can see suggestions for optimizing different ranges with unused formatting. You can optimize each sheet individually or choose Optimize All to remove unnecessary data without deleting your information. This can significantly reduce the file size to 46 kilobytes.