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\frac{5000}{3}\times 60
Reduce the fraction \frac{40000}{24} to lowest terms by extracting and canceling out 8.
\frac{5000\times 60}{3}
Express \frac{5000}{3}\times 60 as a single fraction.
\frac{300000}{3}
Multiply 5000 and 60 to get 300000.
100000
Divide 300000 by 3 to get 100000.