Yes.
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7 is not a factor of 240.
240 / \ 8x30 /\ /\ 2x4 5x6 2x2x2x5x2x6=240
Both numerator and denominator are divisible by 60, the greatest common factor 60/240 = 1/4
The greatest common factor of 240 and 900 is 60.
The greatest common factor of 240 and 300 is 60.