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\frac{0.9374}{0.95\times 1.2}=x
Multiply 0.86 and 1.09 to get 0.9374.
\frac{0.9374}{1.14}=x
Multiply 0.95 and 1.2 to get 1.14.
\frac{9374}{11400}=x
Expand \frac{0.9374}{1.14} by multiplying both numerator and the denominator by 10000.
\frac{4687}{5700}=x
Reduce the fraction \frac{9374}{11400} to lowest terms by extracting and canceling out 2.
x=\frac{4687}{5700}
Swap sides so that all variable terms are on the left hand side.