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\frac{48+5}{12}-\frac{1\times 100+5}{100}
Multiply 4 and 12 to get 48.
\frac{53}{12}-\frac{1\times 100+5}{100}
Add 48 and 5 to get 53.
\frac{53}{12}-\frac{100+5}{100}
Multiply 1 and 100 to get 100.
\frac{53}{12}-\frac{105}{100}
Add 100 and 5 to get 105.
\frac{53}{12}-\frac{21}{20}
Reduce the fraction \frac{105}{100} to lowest terms by extracting and canceling out 5.
\frac{265}{60}-\frac{63}{60}
Least common multiple of 12 and 20 is 60. Convert \frac{53}{12} and \frac{21}{20} to fractions with denominator 60.
\frac{265-63}{60}
Since \frac{265}{60} and \frac{63}{60} have the same denominator, subtract them by subtracting their numerators.
\frac{202}{60}
Subtract 63 from 265 to get 202.
\frac{101}{30}
Reduce the fraction \frac{202}{60} to lowest terms by extracting and canceling out 2.