Problem 20: In the year 2001, product A was sold for $300 per unit making a gross profit of 20% on sales. The total production cost was made up of 25% of direct material, 40% of direct labor, and 35% of factory overhead. Due to general rise in prices in 2002, the selling price of the product increased by 15%. The cost of production has also increased resulting in increase of Material, Labor, and factory overhead costs by 10%, 15%, and 12% respectively. What will be the gross profit per unit in 2002?