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\frac{2}{5}\times 700
Reduce the fraction \frac{40}{100} to lowest terms by extracting and canceling out 20.
\frac{2\times 700}{5}
Express \frac{2}{5}\times 700 as a single fraction.
\frac{1400}{5}
Multiply 2 and 700 to get 1400.
280
Divide 1400 by 5 to get 280.