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\frac{1\left(1218-700\right)}{700}
Divide 100 by 100 to get 1.
\frac{1\times 518}{700}
Subtract 700 from 1218 to get 518.
\frac{518}{700}
Multiply 1 and 518 to get 518.
\frac{37}{50}
Reduce the fraction \frac{518}{700} to lowest terms by extracting and canceling out 14.