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1000\times \frac{7}{20}
Reduce the fraction \frac{175}{500} to lowest terms by extracting and canceling out 25.
\frac{1000\times 7}{20}
Express 1000\times \frac{7}{20} as a single fraction.
\frac{7000}{20}
Multiply 1000 and 7 to get 7000.
350
Divide 7000 by 20 to get 350.