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x\times 12\times 5=70000
Multiply both sides of the equation by 100.
x\times 60=70000
Multiply 12 and 5 to get 60.
x=\frac{70000}{60}
Divide both sides by 60.
x=\frac{3500}{3}
Reduce the fraction \frac{70000}{60} to lowest terms by extracting and canceling out 20.