Zero exponent/inverses

When powers to the same base are
divided, the exponent in the denominator of the fraction is subtracted from the one in the numerator.
multiplied, the exponents are added

What if the result of the addition or subtraction of exponents is zero?
Any base raised to zero power is equals 1
 
Therefore 100 = 1.

Multiplying powers of ten that have exponents that are equal in magnitude but have opposite signs gives 1.
Dividing  powers of ten that have the same exponent gives 1.
 
10–5 = 10–5 – ( –5) = 100 = 1
10–5
 
103 × 10–3 = 103–3 = 100 = 1

In both of the above cases the powers of ten are said to cancel.

More about exponent zero and introducing inverses
The inverse of a power of ten is equal to 1 divided by the power of 10 (just like 1/2 is the inverse of 2). 

Using the fact that 1 is equivalent to 100, and the division rules above, it can be shown that
the exponent on the inverse of a power of 10 has the same magnitude and the opposite sign.
 
1 = 100– 5 = 10– 5 
105
 (inverse of 105) 
1= 100– (–5) = 105
10– 5
 (inverse of 10–5)