OK
  
 When we cut all the washers out of the sheet   (  and before we cut any holes in the washers )  the area occupied by each washer  is just  pi  ( outside radius)^2  = pi (1 cm)^2  = pi cm^2
  
 [Note that if the diameter of each washer is 2 cm....then the radius of each is just 1 cm  ]
 So....the area occupied by each washer is that of a circle with a radius of 1 cm  =
 pi (radius)^2  = pi  (1 cm)^2   =  pi  cm^2
  
 So.....the total are occupied by these washers is  just  7500* pi  cm^2
  
 And the area of the sheet  is  just  (300 cm * 100 cm)  = 30000 cm^2
  
 So....the amount of excess metal surrounding the washers   is just the total area  of the sheet  less the total area occupied by all the washers   = [ 30000  - 7500 pi ] cm^2    (1)
  
 When we take all the washers off the original sheet  [ 7500 of them ] we will cut the centers out  of each of them.....the amount of metal in the center  (the area of metal that will form the hole in the washer )  is just  pi * ( inside radius)^2  = pi  (1/2 cm)^2  = pi/4 cm^2
  
 Since we have 7500 of these....the total area of excess metal from this part is just
 7500 *[ pi /4 cm^2]  =   1875 pi  cm^2     (2)
  
  
 So  the total amout of metal  that we have  to cut washers from is now just  the sum of (1)  and (2)  =
  
 [30000 cm^2  - 7500 pi cm^2]  + 1875 pi cm^2  =  30000cm^2  - 5625 pi cm ^2  =
  
 [ 30000  - 5625 pi ] cm^2   = area of the new sheet 
  
 And each washer  cut from this sheet will  occupy the same area as before  = pi cm^2
  
  
 So....the total number   of washers we can cut from the new sheet  is
  
 [ Area  of new sheet  ] / [ Area of each washer ] =  [ 30000 - 5625pi] cm^2  /  pi  cm^2   =
  
 [ 30000  - 5625 pi ]  / pi   =
  
 about   3924  washers
  
 Does that make sense  ??
  
  
  
  
 