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: Option A
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