Answer:
x=1.1644 cm
Step-by-step explanation:
The first step is to make a sum of forces in each cylinder:
1) Iron cylinder: In this cylinder there are three forces, the buoyant force(Fbi) more the force of the silver cylinder (Fs) transmitted through the polley less the iron weight (Wi), so:


2) Silver cylinder: In this cylinder there are three forces too, the buoyant force(Fbs) more the force of the iron cylinder (Fi) transmitted through the pulley less the silver weight (Ws), so:


Now, we have a simple pulley, by the principle of the pulleys we know that the force of the silver cylinder must be the same as the force of the iron cylinder, then:


To calculate the buoyant forces we have to consider the submerged volumen of each cylinder, from the problem we know that the iron cylinder moves upward "x" distance from the center of the cylinder thus the iron submerged volumen (Vis) is:

And the silver cylinder moves downward "x" distance from the center of the cylinder thus the silver submerged volumen (Vss) is:

The densities of the iron, silver and mercury are known:
ρiron=0.00784 kg/cm3
ρsilver=0.01047 kg/cm3
ρmercury=0.01047 kg/cm3
Substituting all known values in the obtained equation:

(ρiron)(Viron)(g)-(ρmercury)(Vis)(g)=(ρsilver)(Vsilver)(g)-(ρmercury)(Vss)(g)
We can cancel the gravity:
(ρiron)(Viron)-(ρmercury)(Vis)=(ρsilver)(Vsilver)-(ρmercury)(Vss)
Substituting:

Making the operations:



[x=1.1644 cm