What you have to do for this problem is set up a series of equations...
From these sentences, we can convert them into equations:
"A green flag costs 10 times the price of a blue flag" - g=10b
"A red flag costs half as much as a green flag" - r=(1/2)g
"An orange flag costs $10 less than a red flag" - o=r-10
"all four different colors of flags cost a total of $200" - g+b+r+o = 200
There are multiple different ways to solve this. One of the easiest methods (if you know how to set it up) is by using a matrix and reducing it to Reduced Row Echelon Form.
Another way that you can solve this (and the way I am going to) is by back-substitution and solve for individual variables.
g=10b
r=(1/2)g=(1/2)*10b=5b
o=r-10 = 5b-10
g+b+r+o=200
10b+b+5b+(5b-10)=200
21b-10=200
21b=210
b= 10
g= 10b = 100
r= 5b = 50
o= 5b-10 = 40
Hope this helps,
Chris