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First, find the least common denominator (LCD) of the two fractions.
5: 5, 10, 15, 20, 25, 30, 35, 40
8: 8, 16, 24, 32, 40
The LCD is 40.
Second, make the denominators the same as the LCD. / Your problem should look like:

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Third, simplify so that the denominators are the same. / Your problem should look like:

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Fourth, join the denominators. / Your problem should look like:
Fifth, simplify. / Your problem should look like:

Answer as fraction:

Answer as decimal: 0.925