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4800-\frac{5}{100}
Multiply 400 and 12 to get 4800.
4800-\frac{1}{20}
Reduce the fraction \frac{5}{100} to lowest terms by extracting and canceling out 5.
\frac{96000}{20}-\frac{1}{20}
Convert 4800 to fraction \frac{96000}{20}.
\frac{96000-1}{20}
Since \frac{96000}{20} and \frac{1}{20} have the same denominator, subtract them by subtracting their numerators.
\frac{95999}{20}
Subtract 1 from 96000 to get 95999.