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\frac{1000}{100\times 100}
Express \frac{\frac{1000}{100}}{100} as a single fraction.
\frac{1000}{10000}
Multiply 100 and 100 to get 10000.
\frac{1}{10}
Reduce the fraction \frac{1000}{10000} to lowest terms by extracting and canceling out 1000.