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Default command?

I am fairly new at using Excel, and am having a problem finding a
command, if there is one, to just select the last two digits of a number
and use it in a formula then paste in back on the end of the original
number. I am using Excel 2000.

example:

422733 take the last two digits and divide them by 60 and end up with a
final number 4227.55

Thanks, Don

 
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