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\frac{\frac{14}{24}-\frac{3}{24}}{24}\times \frac{2}{5}
Least common multiple of 12 and 8 is 24. Convert \frac{7}{12} and \frac{1}{8} to fractions with denominator 24.
\frac{\frac{14-3}{24}}{24}\times \frac{2}{5}
Since \frac{14}{24} and \frac{3}{24} have the same denominator, subtract them by subtracting their numerators.
\frac{\frac{11}{24}}{24}\times \frac{2}{5}
Subtract 3 from 14 to get 11.
\frac{11}{24\times 24}\times \frac{2}{5}
Express \frac{\frac{11}{24}}{24} as a single fraction.
\frac{11}{576}\times \frac{2}{5}
Multiply 24 and 24 to get 576.
\frac{11\times 2}{576\times 5}
Multiply \frac{11}{576} times \frac{2}{5} by multiplying numerator times numerator and denominator times denominator.
\frac{22}{2880}
Do the multiplications in the fraction \frac{11\times 2}{576\times 5}.
\frac{11}{1440}
Reduce the fraction \frac{22}{2880} to lowest terms by extracting and canceling out 2.