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\frac{5}{60}-\frac{36}{60}+\frac{2}{3}
Least common multiple of 12 and 5 is 60. Convert \frac{1}{12} and \frac{3}{5} to fractions with denominator 60.
\frac{5-36}{60}+\frac{2}{3}
Since \frac{5}{60} and \frac{36}{60} have the same denominator, subtract them by subtracting their numerators.
-\frac{31}{60}+\frac{2}{3}
Subtract 36 from 5 to get -31.
-\frac{31}{60}+\frac{40}{60}
Least common multiple of 60 and 3 is 60. Convert -\frac{31}{60} and \frac{2}{3} to fractions with denominator 60.
\frac{-31+40}{60}
Since -\frac{31}{60} and \frac{40}{60} have the same denominator, add them by adding their numerators.
\frac{9}{60}
Add -31 and 40 to get 9.
\frac{3}{20}
Reduce the fraction \frac{9}{60} to lowest terms by extracting and canceling out 3.