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1000\times \frac{7}{10}
Reduce the fraction \frac{70}{100} to lowest terms by extracting and canceling out 10.
\frac{1000\times 7}{10}
Express 1000\times \frac{7}{10} as a single fraction.
\frac{7000}{10}
Multiply 1000 and 7 to get 7000.
700
Divide 7000 by 10 to get 700.