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75000-\frac{1}{5}
Reduce the fraction \frac{20}{100} to lowest terms by extracting and canceling out 20.
\frac{375000}{5}-\frac{1}{5}
Convert 75000 to fraction \frac{375000}{5}.
\frac{375000-1}{5}
Since \frac{375000}{5} and \frac{1}{5} have the same denominator, subtract them by subtracting their numerators.
\frac{374999}{5}
Subtract 1 from 375000 to get 374999.