The problem is a subtraction of two decimal numbers: 265.00 - 69.82.

The problem is a subtraction of two decimal numbers: $265.00 - 69.82$.

We subtract column by column from right to left, borrowing when necessary.

Starting from the rightmost digit:
$0 - 2$: We need to borrow. The 0 in the hundredths place becomes 10. The 0 in the tenths place becomes 9. The 5 in the ones place becomes 4.
$10 - 2 = 8$.

Next column (tenths place):
$9 - 8 = 1$.

Place the decimal point.

Next column (ones place):
$4 - 9$: We need to borrow. The 4 becomes 14. The 6 in the tens place becomes 5.
$14 - 9 = 5$.

Next column (tens place):
$5 - 6$: We need to borrow. The 5 becomes 15. The 2 in the hundreds place becomes 1.
$15 - 6 = 9$.

Next column (hundreds place):
$1 - 0 = 1$.

The result of the subtraction is 195.18.