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\frac{58800-0.02\times 1050}{1050-1000}
Multiply 56 and 1050 to get 58800.
\frac{58800-21}{1050-1000}
Multiply 0.02 and 1050 to get 21.
\frac{58779}{1050-1000}
Subtract 21 from 58800 to get 58779.
\frac{58779}{50}
Subtract 1000 from 1050 to get 50.