Let the price of the item at store M be \( x \).
The price at store S is 10% cheaper than at store M. So, the price at store S is:
\[
\text{Price at S} = x - 0.10x = 0.90x
\]
Store S charges ₹150 for delivery, while store M has no delivery charges. The person saved ₹100 by buying from store S, which means the total amount paid at store M, including delivery charges, is ₹100 more than the total amount paid at store S.
So, the equation becomes:
\[
x + 150 - 0.90x = 100
\]
Simplifying:
\[
x - 0.90x + 150 = 100
\]
\[
0.10x = 100 - 150
\]
\[
0.10x = -50
\]
\[
x = \frac{-50}{0.10} = 500
\]
Now, the price of the item at store S is:
\[
\text{Price at S} = 0.90 \times 500 = 450
\]
Thus, the price of the item at the online store S is ₹2250.