We know that:
*Matt wants to shave 2 1/2 minutes= 5/2 minutes=2.5 minutes
*He managed to lower his overall time is 21 1/5 minutes to 19 1/4 minutes.
Then, subtract 21 1/5 by 19 1/4:
So he managed to lower his overall time by 1.95 minutes, How many more minutes does Matt need to shave 2.5 minutes?
He needs 0.55 minutes more to achieve his goal of shaving 2.5 minutes.