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60-\frac{1}{50}
Reduce the fraction \frac{2}{100} to lowest terms by extracting and canceling out 2.
\frac{3000}{50}-\frac{1}{50}
Convert 60 to fraction \frac{3000}{50}.
\frac{3000-1}{50}
Since \frac{3000}{50} and \frac{1}{50} have the same denominator, subtract them by subtracting their numerators.
\frac{2999}{50}
Subtract 1 from 3000 to get 2999.