I have a 4 byte hexadecimal value that I have a script to print out, But I want to now take that value then subtract the value C8 from it 37 times and save them as different variables each time, But the problem is I don't know how to do hexadecimal calculations in lua, If anyone can link me to any documentation on how to do this then that would be much appreciated.
You can make a hexadecimal literal in Lua by prefixing it with 0x, as stated in the reference manual. I found this by googling "lua hex"; such searches usually get good results.
"Hexadecimal numbers" aren't anything special, hexadecimal is just a way to represent numbers, same as decimal or binary. You can do 1000-0xC8 and you'll get the decimal number 800.