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How is the maximum retail price printed on packets beneficial for you.

+1 vote

asked Sep 11, 2018 in Class 12 by kratos

How is the maximum retail price printed on packets beneficial for you.

consumer rights
government and taxes
class-12
class-10
consumer protection
cbse

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1 Answer

+6 votes

answered May 10, 2020 by kratos

Best answer

Maximum retail price (MRP) printed on packets is beneficial for us :

(i) The seller cannot sell more than the printed price (MRP).

(ii) We can bargain with the seller to sell at lesser cost than MRP.

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