Not yet answered Marked out of 1.00 Following is the profit and loss account of a limited company Opening Stock 3,00,000 Sales 12,40,000 Purchases 6,00,000 Closing Stock 3.20,000 Flag question Gross profit c/d 6,60,000 15,60,000 15,60,000 Administration Expenses Selling and Distribution 65,000 Gross profit b/d 6,60,000 1,78,000 Expenses Net Profit Calculate Gross profit ratio O a. 53.23% O b. 69.35% O c. 45.16% O d. 48.21% e. 30.95% 4,17,000 6,60,000 6,60,000