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\frac{47}{50}\times 100
Reduce the fraction \frac{470}{500} to lowest terms by extracting and canceling out 10.
\frac{47\times 100}{50}
Express \frac{47}{50}\times 100 as a single fraction.
\frac{4700}{50}
Multiply 47 and 100 to get 4700.
94
Divide 4700 by 50 to get 94.