Hi lfd217:
Dale answered your question about the subtraction. I'm going to repeat his answer in a different way.
Here is the given exercise restated:
John, Peter, and Robert find some money on the sidewalk. (Hooray!)
John takes 3/5ths of this money for himself.
From the remaining money, Peter takes 2/3rds and Robert takes 1/3rd.
Robert receives eight dollars.
How much money did John, Peter, and Robert find on the sidewalk?
Note the phrase in red above. It means exactly the same as "2/5ths of the money found on the sidewalk".
If a person does not realize that 2/5ths is what remains, after taking away 3/5ths, then they need to do some arithmetic.
When we do this arithmetic, we use the number 1 to represent the whole amount. Therefore, taking 3/5ths away from the whole is calculated by subtraction from 1:
1 - 3/5
Robert's fraction of the whole is 1/3rd of the 2/5ths. That is, Robert takes (1/3)(1 - 3/5) of the money found on the sidewalk.
(Dale already explained why 1 - 3/5 equals 2/5.)
So, we can say that the fractional amount that Robert takes is (1/3)(2/5) of the money found.
Can you multiply 2/5 by 1/3 ?
Try it, and show us what you get. :cool:
PS: Dale used some algebra notation, when he wrote (1/3)(1-3/5)T. If you're unfamiliar with using letters of the alphabet to represent numbers, don't worry about that "T". You'll learn about this later, in algebra class.