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\frac{7}{10}\times 1000
Reduce the fraction \frac{70}{100} to lowest terms by extracting and canceling out 10.
\frac{7\times 1000}{10}
Express \frac{7}{10}\times 1000 as a single fraction.
\frac{7000}{10}
Multiply 7 and 1000 to get 7000.
700
Divide 7000 by 10 to get 700.