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11000-\frac{3}{25}
Reduce the fraction \frac{12}{100} to lowest terms by extracting and canceling out 4.
\frac{275000}{25}-\frac{3}{25}
Convert 11000 to fraction \frac{275000}{25}.
\frac{275000-3}{25}
Since \frac{275000}{25} and \frac{3}{25} have the same denominator, subtract them by subtracting their numerators.
\frac{274997}{25}
Subtract 3 from 275000 to get 274997.