Concept:
The expressions involving secant and tangent are strongly connected through a fundamental identity:
\[
\sec^2\theta - \tan^2\theta = 1
\]
This identity is extremely important because it represents a difference of squares structure, which can be factorized as:
\[
a^2 - b^2 = (a+b)(a-b)
\]
So we rewrite:
\[
\sec^2\theta - \tan^2\theta = (\sec\theta + \tan\theta)(\sec\theta - \tan\theta)
\]
Step 1: Start from the identity.
We know:
\[
\sec^2\theta - \tan^2\theta = 1
\]
Now factorize using algebraic identity:
\[
(\sec\theta + \tan\theta)(\sec\theta - \tan\theta) = 1
\]
Step 2: Substitute the given condition.
We are given:
\[
\sec\theta + \tan\theta = p
\]
Substitute this into the factored identity:
\[
(p)(\sec\theta - \tan\theta) = 1
\]
Step 3: Solve step-by-step for the required expression.
To isolate \( \sec\theta - \tan\theta \), divide both sides by \(p\):
\[
\sec\theta - \tan\theta = \frac{1}{p}
\]
Step 4: Interpretation of result.
This result also shows an important reciprocal relationship:
\[
(\sec\theta + \tan\theta) \cdot (\sec\theta - \tan\theta) = 1
\]
So both expressions are multiplicative inverses of each other.
Final Answer:
\[
\boxed{\frac{1}{p}}
\]