Final answer:
The cost of a diamond ring is $370.
Step-by-step explanation:
To find the cost of a diamond ring, let's create a system of equations using the given information. Let's say the cost of a diamond ring is D dollars and the cost of a silver ring is S dollars. We can set up the following equations:
2D + 4S = 1300 (equation 1)
D + S = 510 (equation 2)
We can solve these equations using a method called substitution.
From equation 2, we can express S in terms of D as S = 510 - D.
Substituting this into equation 1:
2D + 4(510 - D) = 1300
2D + 2040 - 4D = 1300
-2D = -740
D = 370
Therefore, the cost of a diamond ring is $370.