Social Sciences, asked by neerendrarawat, 1 year ago

how is the maximum retail price printed on packets beneficial for you

Answers

Answered by Kunal777
164
the maximum retail price (MRP) helps us to know the correct price or value we have to give for the thing we are buying.
The MRP is written on nearly all the things which are for selling.
Answered by mindfulmaisel
6

The maximum retail price printed on packets gives information to the consumer about the contents of the package and the market price of the product.  

Explanation:

  • The consumers should be exploited by the sellers with the wrong pricing of goods.
  • The consumers are paying a price for the goods that they are buying and they should be charged the right price for the right quantity of goods that they have paid for.  
  • It restricts the seller from gaining profits by charging extra price for the goods.

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