Exam L4M3 Topic 2 Question 174 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 174
Topic #: 2
A buyer and a supplier plan to sign a contract with cost-plus arrangement. If the cost base is $350 and the markup component is 11% then the invoice price will be...

Suggested Answer: B Vote an answer

Markup is the percentage between the profit and costs. The cost is $350, markup is 11%. So final price is: 350
+ 350x0.11 = 388.5
Reference: CIPS study guide page 177
LO 3, AC 3.3

by Clara at Apr 24, 2026, 01:18 AM

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