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120000\times \frac{4}{5}
Reduce the fraction \frac{80}{100} to lowest terms by extracting and canceling out 20.
\frac{120000\times 4}{5}
Express 120000\times \frac{4}{5} as a single fraction.
\frac{480000}{5}
Multiply 120000 and 4 to get 480000.
96000
Divide 480000 by 5 to get 96000.