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48000\times \frac{1.2}{100}
Multiply 2000 and 24 to get 48000.
48000\times \frac{12}{1000}
Expand \frac{1.2}{100} by multiplying both numerator and the denominator by 10.
48000\times \frac{3}{250}
Reduce the fraction \frac{12}{1000} to lowest terms by extracting and canceling out 4.
\frac{48000\times 3}{250}
Express 48000\times \frac{3}{250} as a single fraction.
\frac{144000}{250}
Multiply 48000 and 3 to get 144000.
576
Divide 144000 by 250 to get 576.