(a) What fraction of the money did I spend on the jacket?
For this case the first thing you should know is that all the money is represented in the following way:
100% = 1
Therefore, we write the following equation:
x + 3/8 + 1/3 = 1
From here, we clear x:
x = 1- 3/8 - 1/3
x = 7/24
Answer:
he did spend on the jacket 7/24 of the money
(b) How much money did he have at first?
We can make the following rule of three:
7/24 ----> $ 154
1 --------> x $
We clear the value of x:
x = (1 / (7/24)) * (154)
x = $ 528
Answer:
he had at first 528 $