Please read the following table in HTML format from a webpage and then answer the question in detail according to the table. Each table cell is defined by a <td> and a </td> tag. Each table row starts with a <tr> and ends with a </tr> tag. 'rowspan=m' and 'colspan=n' represents a cell spaning over 'm' rows and 'n' columns.

Webpage title:
1971 Ascot state by-election
Table title:
Results
Table:
<table id='hittask' contenteditable='False'>
<tr> <th colspan=2 rowspan=1 > Party </th><th colspan=1 rowspan=1 > Candidate </th><th colspan=1 rowspan=1 > Votes </th><th colspan=1 rowspan=1 > % </th><th colspan=1 rowspan=1 > ± </th></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Labor </td><td class="highlighted"  colspan=1 rowspan=1 > Mal Bryce </td><td colspan=1 rowspan=1 > 6,463 </td><td class="highlighted"  colspan=1 rowspan=1 > 53.4 </td><td colspan=1 rowspan=1 > –22.4 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td class="highlighted"  colspan=1 rowspan=1 > Liberal </td><td class="highlighted"  colspan=1 rowspan=1 > Fred Chaney </td><td colspan=1 rowspan=1 > 5,037 </td><td class="highlighted"  colspan=1 rowspan=1 > 41.6 </td><td colspan=1 rowspan=1 > +41.6 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Democratic Labor </td><td colspan=1 rowspan=1 > Brian Burns </td><td colspan=1 rowspan=1 > 308 </td><td colspan=1 rowspan=1 > 2.5 </td><td colspan=1 rowspan=1 > –21.7 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Def. of Govt Schools </td><td colspan=1 rowspan=1 > James Kane </td><td colspan=1 rowspan=1 > 187 </td><td colspan=1 rowspan=1 > 1.5 </td><td colspan=1 rowspan=1 > +1.5 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Westralia </td><td colspan=1 rowspan=1 > Graham Turner </td><td colspan=1 rowspan=1 > 101 </td><td colspan=1 rowspan=1 > 0.8 </td><td colspan=1 rowspan=1 > +0.8 </td></tr>
<tr> <th colspan=3 rowspan=1 > Total formal votes </th><td colspan=1 rowspan=1 > 12,096 </td><td colspan=1 rowspan=1 > 97.4 </td><td colspan=1 rowspan=1 > +4.2 </td></tr>
<tr> <th colspan=3 rowspan=1 > Informal votes </th><td colspan=1 rowspan=1 > 325 </td><td colspan=1 rowspan=1 > 2.6 </td><td colspan=1 rowspan=1 > –4.2 </td></tr>
<tr> <th colspan=3 rowspan=1 > Turnout </th><td colspan=1 rowspan=1 > 12,421 </td><td colspan=1 rowspan=1 > 86.1 </td><td colspan=1 rowspan=1 > –5.3 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=2 rowspan=1 > Labor hold </td><td colspan=1 rowspan=1 > Swing </td><td colspan=1 rowspan=1 > n/a </td><td colspan=1 rowspan=1 >  </td></tr>
</table>
Question:
What was the outcome of the 1971 Ascot state by-election?
Answer:
The winning candidate, Mal Bryce, received 53.4 percent of the vote, while the Liberal candidate, Fred Chaney, received 41.6 percent of the vote in the 1971 state election.