This question requires simplifying a mathematical expression involving percentages.
The expression given is $(x\% \text{ of } y) + (y \% \text{ of } x)$. Let's break it down step-by-step:
Recall that $a\%$ is equivalent to $\frac{a}{100}$. Applying this:
Now, add the results from Step 1:
$ \frac{xy}{100} + \frac{xy}{100} $
Adding the two fractions gives:
$ \frac{xy + xy}{100} = \frac{2xy}{100} $
The simplified term $\frac{2xy}{100}$ can be written back in percentage form. This is equivalent to $2\%$ of $xy$, because:
$ 2\% \text{ of } xy = \frac{2}{100} \times xy = \frac{2xy}{100} $
Thus, the original expression is equivalent to $2\%$ of $xy$.
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