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
jamb 2018accounting

The correct answer is A. Price above or below the stipulated price

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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