On the sale of a certain item a shopkeeper offered two successive discounts such that in percentage terms the second discount was only 1/n th of the first. If the overall discount was p% of the marked price of the item, then the selling price of the item after applying only the first discount was ₹ y and the marked price of the item was ₹
x. Which one of the following is correct in respect of the Question and the Statements given below? Statement 1: The values of n, p, y and x are respectively given as 3, 15.52, 8900 and 10000. Statement 2: The values of n, p, y and x are respectively given as 4, 21.69, 12730 and 15500.