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\frac{1}{12}\times 100
Reduce the fraction \frac{2000}{24000} to lowest terms by extracting and canceling out 2000.
\frac{100}{12}
Multiply \frac{1}{12} and 100 to get \frac{100}{12}.
\frac{25}{3}
Reduce the fraction \frac{100}{12} to lowest terms by extracting and canceling out 4.