Given that P(A or B) =1/3, P(A)=1/4, and P(A and B)=1/8, find P(B)

General Formula:
P(A or B) = P(A) + P(B) - P(A and B)
Substitute:
1/3 = (1/6) + P(B) - 1/8
Multiply thru by 24 to get:
8 = 4 + 24P(B) - 3
24P(B) = 7
P(B) = 7/24