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\frac{1.2\times 10^{3}}{5}
Cancel out 10^{4} in both numerator and denominator.
\frac{1.2\times 1000}{5}
Calculate 10 to the power of 3 and get 1000.
\frac{1200}{5}
Multiply 1.2 and 1000 to get 1200.
240
Divide 1200 by 5 to get 240.