Answer
$p=3\frac{1}{2}$
Work Step by Step
Use the multiplication property since the variable is in the numerator.
$\frac{p}{4}=\frac{7}{8}$ multiply both sides by 4
$\frac{p}{4}\times4=\frac{7}{8}\times4$ simplify
$p=\frac{28}{8}$ reduce
$p=3\frac{4}{8}$ reduce
$p=3\frac{1}{2}$