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\left(\frac{24}{15}-\frac{5}{15}\right)\times \frac{1}{4}
Least common multiple of 5 and 3 is 15. Convert \frac{8}{5} and \frac{1}{3} to fractions with denominator 15.
\frac{24-5}{15}\times \frac{1}{4}
Since \frac{24}{15} and \frac{5}{15} have the same denominator, subtract them by subtracting their numerators.
\frac{19}{15}\times \frac{1}{4}
Subtract 5 from 24 to get 19.
\frac{19\times 1}{15\times 4}
Multiply \frac{19}{15} times \frac{1}{4} by multiplying numerator times numerator and denominator times denominator.
\frac{19}{60}
Do the multiplications in the fraction \frac{19\times 1}{15\times 4}.