Rohan purchased an item for which there was a 13.5% discount offered on the part of the payment made in cash and a 6.25% surcharge on the part of the payment made through a credit card. If Rohan would have paid the entire amount in cash he would have paid Rs. ‘y’ for the item. But he actually had to pay Rs.40964 in all for the item, out of which Rs.29064 was paid in cash. What is the value of y?