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\frac{74}{100}-1
Divide 100 by 100 to get 1.
\frac{37}{50}-1
Reduce the fraction \frac{74}{100} to lowest terms by extracting and canceling out 2.
\frac{37}{50}-\frac{50}{50}
Convert 1 to fraction \frac{50}{50}.
\frac{37-50}{50}
Since \frac{37}{50} and \frac{50}{50} have the same denominator, subtract them by subtracting their numerators.
-\frac{13}{50}
Subtract 50 from 37 to get -13.