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m=\frac{60}{5000}\times 500
Multiply 5 and 1000 to get 5000.
m=\frac{3}{250}\times 500
Reduce the fraction \frac{60}{5000} to lowest terms by extracting and canceling out 20.
m=\frac{3\times 500}{250}
Express \frac{3}{250}\times 500 as a single fraction.
m=\frac{1500}{250}
Multiply 3 and 500 to get 1500.
m=6
Divide 1500 by 250 to get 6.