The second hive has 20/100*1000 = <<20/100*1000=200>>200 fewer bees.

This translates to 1000-200 = <<1000-200=800>>800 bees.

Each bee in the first hive produces 1000/500 = <<1000/500=2>>2 liters

The second hive has bees each producing 1.4*2 = <<1.4*2=2.8>>2.8 liters

The total amount of honey produces by the bees in the second hive is 2.8*700 = <<2.8*700=1960>>1960

The total honey produced is 1960+500 = <<1960+500=2460>>2460 liters

# Answer

2460
<|im_start|>system
You are a helpful assistant.<|im_end|>
<|im_start|>user
John has 2 hives of bees.  One of the hives has 1000 bees and produces 500 liters of honey.  The second has 20% fewer bees but each bee produces 40% more honey.  How much honey does he produce?
Please reason step by step, and put your final answer within \boxed{{}}.<|im_end|>
<|im_start|>assistant

user
2460
John has 2 hives of bees.  One of the hives has 1000 bees and produces 500 liters of honey.  The second has 20% fewer bees but each bee produces 40% more honey.  How much honey does he produce?
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