<span>C) A markup has no limit, but a markdown is limited to 100% or less.
[ It is because, markup is </span><span>the amount added to the cost price of goods to cover overheads and profit so it could be anything, and has no limit then, markdown means is reduction in price which acts like "discount" which can't be more than 100% (It's own price)
Hope this helps!</span>
The answer is 209+ because it is above 0 which is sea level.
We can solve this by remembering that in each box, there are 10 grapefruit. This means we should multiply the number of boxes (20,400) by 10.
20400
*10
-----------
204,000
Using the calculation above, we know that 204,000 grapefruit were shipped.
First, we should apply the present value of annuity formula. It is
and in this formula
is the present value of annuity factor.
Then, we can find the present value of the annuity by writing that,
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