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\frac{1000\times \frac{1}{50}}{80}
Reduce the fraction \frac{2}{100} to lowest terms by extracting and canceling out 2.
\frac{\frac{1000}{50}}{80}
Multiply 1000 and \frac{1}{50} to get \frac{1000}{50}.
\frac{20}{80}
Divide 1000 by 50 to get 20.
\frac{1}{4}
Reduce the fraction \frac{20}{80} to lowest terms by extracting and canceling out 20.