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\frac{2}{10000}\times 100
Expand \frac{0.02}{100} by multiplying both numerator and the denominator by 100.
\frac{1}{5000}\times 100
Reduce the fraction \frac{2}{10000} to lowest terms by extracting and canceling out 2.
\frac{100}{5000}
Multiply \frac{1}{5000} and 100 to get \frac{100}{5000}.
\frac{1}{50}
Reduce the fraction \frac{100}{5000} to lowest terms by extracting and canceling out 100.