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120-\frac{23}{20}
Reduce the fraction \frac{115}{100} to lowest terms by extracting and canceling out 5.
\frac{2400}{20}-\frac{23}{20}
Convert 120 to fraction \frac{2400}{20}.
\frac{2400-23}{20}
Since \frac{2400}{20} and \frac{23}{20} have the same denominator, subtract them by subtracting their numerators.
\frac{2377}{20}
Subtract 23 from 2400 to get 2377.