Question

how are prices fixed by a seller/producer?​

Answer 1

Answer:

The sellers fix the price of their commodities on the basis of their cost of production and the demand for the commodity in the market. .

Dil se Bulaya Vayu Pari Aai

Answer 2

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Then the seller adds his/her profit amount with the manufacturing cost and finally the taxes are also added in the total amount. That total amount becomes the MRP (maximum retail price) of that product when it reaches the consumer market.

Hloo.......

Is this rithwik