Question

If a vendor on a train, charges you Rs. 5/- more than the MRP, you would
_______________.
(i) give him Rs.5/-
(ii) refuse to buy
(iii) complain about him to the concerned authorities
(iv) bargain with him

Answer 1

Answer:

(iii) complain about him to the concerned authorities

Explanation:

If a vendor on a train, charges  Rs. 5/- more than the MRP, we would Complain about him to the concerned authorities.

MRP acronym stands for the maximum retail price.This price is decided by the manufacturer after calculating the profits of retailers and vendors.This price also include all the relative taxes like GST(Goods and service tax).

So, if vendors asked for paying more than the MRP then we should complain in consumer court.

Answer 2

If a 'vendor on a train charges you 'Rs. 5/- more than the MRP', you would 'complain about him to the 'concerned authorities.'

Answer: Option iii

Explanation:

MRP's full form is marginal revenue product OR maximum retail price. This is used on everything which we buy from others. But it is applicable only on those things which the government has allowed.  

This means that the value of the item should be limited at a certain amount. Maximum selling price with which the consumers have brought things is the final price of the goods. He needs not to pay more money, instead can save his money.