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You're going to want to get to 100% first, so multiply by 5 (100 : 5 = 20)
1.2 x 5 = 6.
Then, figure out what 1% is.
6 : 100 = 0.06
Then multiply your newfound number by 8, and there's your answer.
0.06 x 8 = 0.48
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