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Last year, Buckner & Jones Company incurred the following costs:

Direct materials$42,000Direct labor63,000Manufacturing overhead94,500Selling expenses25,200Administrative expenses23,100

Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each. Assume that beginning and ending inventories of materials, work in process, and finished goods were zero. What was the gross margin per unit? (Note: Round your answer to two decimal places.)

a. $7.56

b. $125.25

c. $95.50

d. $34.41