Let's use the variable 'x' to represent the cost of a handbag and the variable 'y' to represent the cost of a wallet.
If the cost of a handbag is 10 dollars more than the wallet, we have:
Since the cost of 2 handbags is 60, we have:
Now that we have the cost of a handbag, let's find the cost of a wallet:
So the cost of the wallet is 20.