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ok, first thing...get rid of the fractions. Do this by multiplying all terms by 15..the lowest common multiple of 3 and 5 (the 2 denominators)...

50y - 40 -18y - 72 = 0
now just collect like terms together...
32y - 112 = 0
32y = 112
y = 112/32
--> y = 3.5
jon