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\frac{1}{8}-\frac{5\times 15}{12}
Express \frac{5}{12}\times 15 as a single fraction.
\frac{1}{8}-\frac{75}{12}
Multiply 5 and 15 to get 75.
\frac{1}{8}-\frac{25}{4}
Reduce the fraction \frac{75}{12} to lowest terms by extracting and canceling out 3.
\frac{1}{8}-\frac{50}{8}
Least common multiple of 8 and 4 is 8. Convert \frac{1}{8} and \frac{25}{4} to fractions with denominator 8.
\frac{1-50}{8}
Since \frac{1}{8} and \frac{50}{8} have the same denominator, subtract them by subtracting their numerators.
-\frac{49}{8}
Subtract 50 from 1 to get -49.