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\frac{23+47}{100}
Since \frac{23}{100} and \frac{47}{100} have the same denominator, add them by adding their numerators.
\frac{70}{100}
Add 23 and 47 to get 70.
\frac{7}{10}
Reduce the fraction \frac{70}{100} to lowest terms by extracting and canceling out 10.