1. The problem is to subtract 265 from 472. 2. The subtraction formula is $a - b = c$, where $a = 472$ and $b = 265$. 3. Perform the subtraction step-by-step: $$472 - 265 = (400 + 70 + 2) - (200 + 60 + 5)$$ 4. Subtract each place value: $$400 - 200 = 200$$ $$70 - 60 = 10$$ $$2 - 5 = -3$$ 5. Since $2 - 5$ is negative, borrow 1 ten from the 70: $$70 - 1 imes 10 = 60$$ $$2 + 10 = 12$$ 6. Now subtract: $$12 - 5 = 7$$ $$60 - 60 = 0$$ 7. Add the results: $$200 + 0 + 7 = 207$$ 8. Therefore, the final answer is $207$.