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\frac{1\times 8}{4\times 3}\times \frac{3}{8}
Multiply \frac{1}{4} times \frac{8}{3} by multiplying numerator times numerator and denominator times denominator.
\frac{8}{12}\times \frac{3}{8}
Do the multiplications in the fraction \frac{1\times 8}{4\times 3}.
\frac{2}{3}\times \frac{3}{8}
Reduce the fraction \frac{8}{12} to lowest terms by extracting and canceling out 4.
\frac{2\times 3}{3\times 8}
Multiply \frac{2}{3} times \frac{3}{8} by multiplying numerator times numerator and denominator times denominator.
\frac{2}{8}
Cancel out 3 in both numerator and denominator.
\frac{1}{4}
Reduce the fraction \frac{2}{8} to lowest terms by extracting and canceling out 2.