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\frac{7\times 1000}{5000}
Express \frac{7}{5000}\times 1000 as a single fraction.
\frac{7000}{5000}
Multiply 7 and 1000 to get 7000.
\frac{7}{5}
Reduce the fraction \frac{7000}{5000} to lowest terms by extracting and canceling out 1000.