A man offers a 21% discount on an item. He offers a further discount of 40% on the reduced price for the first 100 customers. If the selling price of the item is ₹4,740, and the customer is one of the frist 100 then the marked price (in ₹) of the item is

₹10,000

When two discounts of 21% and 40% are given successively then the selling price is = 4740

X + y - \(\frac{x × y}{100}\) = Combined discount

21 + 40 - \(\frac{21 × 40}{100}\) = Combined discount

52.6% = Combined discount

Selling price = (100-52.6) = 47.4%

47.4% of MP = 4740

100% of MP = Rs.10000