Both numerator and denominator are divisible by 60, the greatest common factor
60/240 = 1/4
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60 over 240 in simplest form is 1/4
240/600 = 24/60 = 12/30 = 6/15 = 2/5 in it's simplest form.
1/4
45 over 60, in simplest form, is 3 over 4.3/4
49/60 is the simplest form.