NRC Ltd$.,$ manufactured and sold $1000$ Radio sets during the year $2019.$ The summarized accounts are given below:

Mfg$./$ Trading & Profit & Loss A$/$c Rs$.$

Rs$.$

To Cost of Materials

$40,000$

By Sales

$2,00,000$

To Direct Wages $,60,000$

To Manufacturing Exp. $,25,000$

To Gross Profit $,75,000$

$q,$

$\backslash$table$[[,2,00,000,2,00,{000}_{?},],[$To Salaries,$30,000,$By Gross Profit,$75,000],[$To Rent, Rates & Taxes,$5,000,,],[$To General Expenses,$10,000,,],[$To Selling & Distribution,,,$],[$Exp$.,15,000,,],[$To Net Profit,$15,000,,],[,,,],[,,,]]$

It is estimated that output and sales will be $1200$ Radio Sets in the year $2020.$ Prices of Materials will rise by $20\%$ on the previous year's level. Wages per unit will rise by $5\%$ Manufacturing expenses will rise in proportion to the combined cost of materials and wages. Selling and distribution expenses per unit will remain unchanged. Other expenses will remain unaffected by the rise in output. Prepare cost sheet showing the price at which the Radio Sets should be sold so as to earn a profit of $20\%$ on the selling price.