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500\times \frac{3}{5}
Reduce the fraction \frac{60}{100} to lowest terms by extracting and canceling out 20.
\frac{500\times 3}{5}
Express 500\times \frac{3}{5} as a single fraction.
\frac{1500}{5}
Multiply 500 and 3 to get 1500.
300
Divide 1500 by 5 to get 300.