Solution:

Let x and y be the present ages of father and son respectively.

Given,

Sum of present ages of father and son is 80 years.

$\implies x + y = 80$ - (i)

When the father's age is equal to the present age of the son, their sum was 40 years

$\implies x - (x-y) + y - (x-y) = 40$

$\implies x - x + y + y - x + y = 40$

$\implies 3y - x = 40$ - (ii)

Adding equation (i) and equation (ii), we get,

$or, x + y +3y - x = 80+40$

$or, 4y = 120$

$\therefore y = 30$

Put value of y in equation (i), we get,

$x + y = 80$

$or, x + 30=80$

$\therefore x = 50$

Hence, the required present ages of the father and the son are 50 years and 30 years, respectively.


Brief Explanation:

When father was 50 and son was 30, the difference between their ages was 20 years which is given by (x-y).

When the father was 30 (equal to present age of the son), the son was (30-20) 10 years old. Which means we need to subtract (x-y) from x and y, respectively.