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\frac{5\left(67-20.77\right)}{100}
Subtract 33 from 100 to get 67.
\frac{5\times 46.23}{100}
Subtract 20.77 from 67 to get 46.23.
\frac{231.15}{100}
Multiply 5 and 46.23 to get 231.15.
\frac{23115}{10000}
Expand \frac{231.15}{100} by multiplying both numerator and the denominator by 100.
\frac{4623}{2000}
Reduce the fraction \frac{23115}{10000} to lowest terms by extracting and canceling out 5.