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8250\times \frac{2}{100}
Multiply 550 and 15 to get 8250.
8250\times \frac{1}{50}
Reduce the fraction \frac{2}{100} to lowest terms by extracting and canceling out 2.
\frac{8250}{50}
Multiply 8250 and \frac{1}{50} to get \frac{8250}{50}.
165
Divide 8250 by 50 to get 165.