.The price on the tag is called
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The price on the tag is called actual price or MRP.
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Answered by
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The price on the tag is called MRP(maximum retail price).
Explanation:
- A manufacturer-calculated maximum retail price (MRP) is the highest price that can be charged for a product sold in India and Bangladesh. Retailers, on the other hand, may opt to sell things at a lower price than the MRP.
- The MRP varies from systems that employ a suggested retail price since the price established by the manufacturer in those systems is merely a suggestion and not legally binding.
- In India, all retail products must be labeled with the MRP. Customers cannot be charged more than the MRP.
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