When a number x is multiplied by 5, the result is 8 less than the result of multiplying a number y by 3. Which of the following equations correctly expresses the relationship between x and y?
A. 5x = 24y
B. 5x - 8 = 3y
C. 5x + 8 = 3y
D. 5x + 3y = 8
E. 5x = 3(y - 8)