This problem is tricky. It looks like a system of equations problem, but we have two variables and only ONE equation in the set-up, so we might assume that there isn't enough info (D).
However, we can use rules of exponents to manipulate the fraction and see something cool. We know that 8 is 23, so we can rewrite the fraction with 2s as the bases:
8x/2y = (23)x/2y= 23x/2y
The last thing we need to do is subtract the powers and plug in the original x and y equation:
23x/2y = 23x-y = 212 (A).