Explanation:
remember,
100% = 1
1% = 100%/100 = 1/100 = 0.01
as decimal
2/5 % = 1% × 2/5 = 0.01 × 0.4 = 0.004
as fraction
1% × 2/5 = 1/100 × 2/5 = 2/500 = 1/250
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