MRP is a very common word, which is found on products. Normally people understand. That MRP means the price of that product. What is MRP?
Many people consider RS and MRP to be the same and if you think the same, then you are wrong. Because Rs is simply called Indian currency. And Rs can be used anywhere for the purpose. But MRP is written only on products.
What is MRP | MRP full form
The full form of MRP is Maximum Retail Price , when you see on a product, it means that MRP is written on that product and its price is written. That the seller can take the maximum amount of rupees from the customers for that product.
And this is done because the seller gets enough benefit in that fixed rate only. But even after that many shopkeepers ask customers to pay more for that product which is not fair at all.
So this is the advantage of MRP, that no shopkeeper can charge more price than that printed MRP. And the customers get that product in a reasonable rate.
You will not find MRP written on all products. Rather, MRP is printed in different forms on different types of products.
And how much MRP will be on which product, it is decided by the manufacturer of that product. And it is not that the MRP printed by the manufacturer, the seller has to sell the product on that MRP only.
Although we have to sell on the same MRP but this cannot happen. That there should be loss to the seller on that MRP because the manufacturer prints the MRP keeping in mind the things from the manufacture of that product till the product reaches the customer.
Due to which the company also benefits, the seller also benefits and the customer can also buy the product at a fixed MRP.
By the way, it is a crime to modify the information printed by the manufacturer, MRP etc. But still there are many such fraud people. Those who keep on doing fraud like modifying expired product date, modifying MRP etc.
what is meant by mrp
MRP means that shopkeepers cannot charge more than the MRP rate from their customers. Because the MRP rate is not a fixed rate but a maximum rate. Because even within this rate, the shopkeeper gets a very good income. But there are many shopkeepers who sell goods only at MRP rate for more income.
In this article you learned what is MRP and MRP full form. We hope this information will prove useful for you.