Step 1 :Simplify the right side of the equation using the properties of logarithms. We know that \( \log_b a - \log_b c = \log_b \frac{a}{c} \) and \( \log_b a + \log_b c = \log_b ac \). So, we can rewrite the right side of the equation as \( \log_5 \frac{x*8}{11} \).
Step 2 :Remove the logarithm by raising both sides of the equation to the base of the logarithm, which is 5 in this case. This will give us the value of \( y \) in terms of \( x \).
Step 3 :The final answer is \( y=\boxed{\frac{8x}{11}} \)