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300\times \frac{2}{5}
Reduce the fraction \frac{40}{100} to lowest terms by extracting and canceling out 20.
\frac{300\times 2}{5}
Express 300\times \frac{2}{5} as a single fraction.
\frac{600}{5}
Multiply 300 and 2 to get 600.
120
Divide 600 by 5 to get 120.