Solution:
We have been given that 7 audio cassettes and 3 video cassettes cost Rs.1110, while 5 audio cassettes and 4 video cassettes cost Rs.1350.We need to find the cost of an audio cassette and a video cassette.
Let x be the cost of an audio cassette and y be the cost of a video cassette.
Then, using the given conditions, the equations are,
And,
Find the value of x from the equation .
Substitute for x in equation to find the value of y.
Hence, the cost of a video cassette is Rs. 300.
Substitute 300 for y in equation to calculate the value of x.
Hence, the cost of an audio cassette is Rs. 30.
Hence, the cost of an audio cassette is Rs. 30 and cost of a video cassette is Rs. 300.
Hence, option 1 is correct.