A new study indicates that diets high in olive oil and peanut products can lower cholesterol and it can help you in losing weight

The best sentence to replace the underlined sentence with the same meaning is to promote weight loss.
Sentence serves as a complete statement having a verb and the predicate.
From the given sentence, we were told how high diet in olive oil and peanut products can lower cholesterol and reduce weight.
Therefore, option B is correct.
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