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\frac{1\times 2}{8\times 3}-\frac{1}{12}
Multiply \frac{1}{8} times \frac{2}{3} by multiplying numerator times numerator and denominator times denominator.
\frac{2}{24}-\frac{1}{12}
Do the multiplications in the fraction \frac{1\times 2}{8\times 3}.
\frac{1}{12}-\frac{1}{12}
Reduce the fraction \frac{2}{24} to lowest terms by extracting and canceling out 2.
0
Subtract \frac{1}{12} from \frac{1}{12} to get 0.