Following is the profit and loss account of a limited company Opening Stock 2,00,000 Sales 8,40,000 Purchases 7,00,000 Closing Stock 3,20,000 Gross profit c/d 2,60,000 11,60,000 11,60,000 Administration Expenses Selling and Distribution 58,000 Gross profit b/d 2,60,000 1,78,000 Expenses Net Profit 24,000 2,60,000 2,60,000 Calculate Net profit ratio O a. 50.32% O b. 2.86% c. 26.13% d. 27.14% e. 33.63%