Andrew M. answered 08/04/15
Tutor
New to Wyzant
Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors
When it comes to word problems the word "OF" signifies multiplication. Such as "Pam had 3 sets of coasters, each set had 4 coasters... 3 sets of 4 would be 3(4) = 12 coasters...
For this problem we have "three-eighths of $76,000" = (3/8)(76000) = $28,500