What parameter is equal in this problem? Yes, time.
Distance/rate = time
Fast train travels F miles and slow train travels S miles and F+S=420.
F/80 = S/70 => F = 8S/7
Substitute
(8S/7)+S = 420
Clear fractions by multiplying by 7, then collect terms and solve the equation for S.
Then time to meeting is the value of S divided by 70.