Short answer: 100 Ω, 200 Ω and 300 Ω in series is 600 Ω; in parallel it is 54.55 Ω, because 1/R = 0.01 + 0.005 + 0.00333 = 0.01833 and R = 1 ÷ 0.01833.
Reading the reciprocal step
The parallel formula is where mistakes happen, so the sum of the reciprocals is shown before the division. If the parallel answer comes out above the smallest resistor then a reciprocal was taken wrongly — the check under the result states the smallest value so that error is visible.
Worked example
An LED that wants 20 mA from 9 V with a 2 V forward drop needs a resistor of (9 − 2) ÷ 0.02 = 350 Ω, so a standard 330 Ω is chosen. Two 680 Ω parts in parallel give 340 Ω, which is what is done when only one value is in the drawer.