the box contains cereal. Only 3/4 of the box has cereal remaining.
From the remaining cereal fraction, 2/5th is consumed.
then the portion of cereal consumed is

when the 'of' function is used it means the fractions should be multiplied
then numerators should be multiplied by numerators and denominators by denominators

this can be further simplified by dividing both numerator and denominator by a factor common to both , in this case both 6 and 20 are divisible by 2

answer is 3/10th of the box is consumed