A machine which is purchased for Rs.1,26,000 has a salvage value of Rs.6,000.The machine can be used for 12,000 hours during its life to produce 24,000 units of a product. The current annual demand for the product is 3,000 units. The cost data per unit of the product are:

Direct Material = Rs.30

Direct Labour at the rate of Rs.6 per hour = Rs.18

Power at the rate of Rs.4 per hour = Rs. 8

Overheads (Excluding depreciation and power):

Variable cost = Rs. 9

Fixed cost per annum = Rs.62,000

The selling price per unit is Rs.100. The organization has received an export order of 500 units per annum. Compute the minimum selling price per unit to be quoted for export order.