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what is full form of mrp
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General Medicine
Question #25000
31 days ago
62

what is full form of mrp - #25000

Leo

I am really confused about this whole MRP thing. I went shopping yesterday, and I saw a tag that said MRP on it, but no one could tell me, like, what is full form of MRP? I just assumed it meant "Market Rate Price" or something, but I feel like I'm totally off. I was trying to explain it to my friend while we were looking at this fancy Ayurvedic product that was super overpriced, and I was like, why does it even say MRP? I mean, shouldn't they just say the price? Anyway, I Googled it, but all I found were, like, a ton of definitions and I just got more confused. Is MRP like a price that can fluctuate? Because sometimes, when things go on sale, the tags still have that MRP on them, and I just don’t get the point of that. It just feels like a scam or something. Can someone please help me out here? Like, what is full form of MRP and how does it even work? I really want to understand this better!

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Doctors’ responses

The confusion is understandable! MRP stands for Maximum Retail Price. It's pretty much the highest price that can be charged for a product in retail. So, you see MRP on tags to ensure that no retailer sells the product above that price. It's not about fluctuating or changing with sales – that's why even when there's a discount, the MRP, you saw, stays the same. The authority basically intends to protect consumers by giving them a price ceiling. Though the MRP is fixed and not supposed to change, retailers often sell products below that price, which is where the fluctuating aspect might come into play. So, if you're shopping and see a product "on sale," likely, the store's selling it for less than the MRP, which is perfectly fine and quite common. In cases of confusion like this, especially when many products in the market claim to be Ayurvedic or organic, it's essential to look beyond the price. Authentic Ayurvedic products must align with traditional practices, and genuine manufacturers would often provide details about ingredients, sourcing, and certifying authorities. Whenever you shop for Ayurvedic products, make sure you check the labels for authenticity marks, ingredient lists, and maybe even try reaching out to the manufacturer if it's a massive investment, to verify authenticity. Leveraging your knowledge of MRP, and its purpose, can be quite empowering when navigating the sea of retail offerings.
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