Question on: JAMB Accounting - 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
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Correct Option: A
Recall that cost plus mark up pricing strategy is one where selling price is determined by adding a specific amount mark up to a product unit cost.
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