To reduce 480/1000 to the lowest terms, find the factors of each and remove all common factors:
480: 2 2 2 2 2 3 5
1000: 2 2 2 5 5 5
The common factors are 2 2 2 5, so remove those. This leaves 12/25 as a fraction in the lowest terms.
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It is: 0.011 = 11/1000
0.375 = 375/1000 as a fraction or 3/8 in its lowest terms
400/1000 = 2/5
12 and 24/1000 as an improper fraction in its lowest terms is 1503/125
It is: 400/1000 or 2/5 in its lowest terms