Economy, asked by unna1, 1 year ago

How does MRP benefits a consumer

Answers

Answered by vinaymenon007
8
Heyya..


MRP - Maximum Retail Price helps the consumer to give an exact value of a particular product in any part of the country as the price remains constant...
It is also not very huge..


Hope it helps..
Thanks
Answered by rishitverma00
8
MRP stands for Maximum Retail Price. it is the maximum price which a seller can demand from a consumer on purchase of a particular product. 

It is very important as it sets a limit beyond which the sellers cannot sell the product. otherwise they would easily exploit the consumers.
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