ACOUSTIC ELECTRIC GUITAR MANUFACTURERS

Quick 10 points, easy, need help on a math problem?

I can't figure out on how to set it up, the variable:

A guitar manufacturer spent 115 million on the production of acoustic and electric guitars in 1999. If the amoun the company apend producing acoustic guitars was 66 million more than it spend producing electric guitars how much in fact did the company spend producing electric guitars?
define the variables please...

let x = money spent on electric guitars

115 = 66 + x

x=49 million $ spent more on guitars right?

115-x=66

x=49

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