exam Maths Puzzle Numerical Ability

I am asked to show how to simplify the following:

3/8x -1/6y - 1/16x + x - 1/3y

The answer that I was given is 21/16x - 1/2y.

I understand how 21/16x is derived however I do not understand how 1/2y is the answer. Can yo please help?

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The odds against WildHorse winning the third race are 11:2. If Molly places a $4 bet on WildHorse to win and WildHorse wins, find Molly’s net winnings

A) $5.50 B) $44 C) $16.50 D) $11 E) $22
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