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1% of 70000= 1% * 70000= 0.01 * 70000= 700
1% of 70,000 pounds= 1% * 70000= 0.01 * 70000= 700 pounds
700
10500= 15%/100% * 70000= 15/100 * 70000= 0.15 * 70000= 10500
1% = 700, .1% = 70 so 770.