One Third is bigger because if you cross multiply 1/8 and 1/3 1/3 is 8 and 1/8 is 3. Sorry If you don't understand it.
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Four tenths is bigger than one eighth.
20% is bigger than one eighth. (1/8 = 0.125, 20% = 0.2)
One third is a lot bigger than one eighth. Imagine you have two pieces of string that are exactly the same length. You cut one into three equal pieces. Each piece is one third of the original string. Say you take the other sting and cut into eight equal pieces. Each of those pieces is one eighth... and they are much smaller because there are so many more of them.
One third times nine to the eighth power equals 14,348,907
One third is bigger.