Yes.
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It is: 4/5 of 50 = 40
40/50 or 4044/5055, for example.
40/50 is 4/5
40 and 50 as a decimal would be 40.0 for 40, and 50.0 for 50. If you want it to be in percent it would be 4% and 5%. Or .4% and .5%
40/50 and 20/25 and 4/5 are three equivalent fractions.