<|system|>
What is $\frac{1}{4}\%$ of 120? Express your answer as a decimal.</s>.
<|user|>
Can you answer based on context?
<|assistant|>
We have $$\frac14\%\times120=\frac{\frac14}{100}\times120=\frac{1}{400}\times120=\frac{12}{40}=\frac{3}{10}=.3.$$