Following is the profit and loss account of a limited company Opening Stock 2,00,000 Sales 11,20,000 Purchases 7,00,000 Closing Stock 3,20,000 Gross profit c/d 5,40,000 14,40,000 14,40,000 Administration 58,000 Gross profit b/d 5,40,000 Expenses Selling and Distribution 1,78,000 Expenses Net Profit 3,04,000 5,40,000 5,40,000 Calculate Net profit ratio a. 2.86% O b. 26.13% c. 50.32% d. 33.63% e. 27.14%