When goods are sent to branch at cost plus mark up, it means that the...
FINANCIAL
JAMB 2018
When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________
- A. Price above or below the stipulated price
- B. Any price but not below the transfer price
- C. Cost price
- D. A price that is equal to the mark up
Correct Answer: A. Price above or below the stipulated price
Explanation
Cost plus mark up is a pricing strategy in which the selling price is determined by adding a specific amount mark up to a product unit cost
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