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\frac{1\times 3}{2\times 8}-\frac{1}{4}
Multiply \frac{1}{2} times \frac{3}{8} by multiplying numerator times numerator and denominator times denominator.
\frac{3}{16}-\frac{1}{4}
Do the multiplications in the fraction \frac{1\times 3}{2\times 8}.
\frac{3}{16}-\frac{4}{16}
Least common multiple of 16 and 4 is 16. Convert \frac{3}{16} and \frac{1}{4} to fractions with denominator 16.
\frac{3-4}{16}
Since \frac{3}{16} and \frac{4}{16} have the same denominator, subtract them by subtracting their numerators.
-\frac{1}{16}
Subtract 4 from 3 to get -1.