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The Solution
The given percentage is
[tex]12.4\text{ \% =}\frac{12.4}{100}=\frac{\frac{124}{10}}{100}[/tex][tex]12.4\text{ \% =}\frac{124}{10}\times\frac{1}{100}=\frac{124}{1000}=\frac{31}{250}[/tex]Hence, the correct answer is 31/250