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\frac{120}{100}\times 1
Divide 100 by 100 to get 1.
\frac{6}{5}\times 1
Reduce the fraction \frac{120}{100} to lowest terms by extracting and canceling out 20.
\frac{6}{5}
Multiply \frac{6}{5} and 1 to get \frac{6}{5}.