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7 over 8 is the same as 7/8 or 0.875 where 1 over 4 is the same as 1/4 or 0.25, so 7/8 is quite a bit bigger.
7/8 minus 1/4 is the same as 7/8 minus 2/8, so it is 5/8 or 0.625.
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