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\frac{55\left(71-27\right)}{100}
Subtract 29 from 100 to get 71.
\frac{55\times 44}{100}
Subtract 27 from 71 to get 44.
\frac{2420}{100}
Multiply 55 and 44 to get 2420.
\frac{121}{5}
Reduce the fraction \frac{2420}{100} to lowest terms by extracting and canceling out 20.