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WHAT IS MRP, WHAT IS IT COMPRISES OF, HOW IS IT CALCULATED, WHAT IS THE ROLE OF Govt. (OF INDIA) IN IT?

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THE MAX. RETAIL PRICE (MRP) - HOW IS IT FRAMED, WHAT IS THE ROLE OF RELAVENT GOVERNMENT AGENCIES IN FORMULATING THE PRICE, WHY NOT THE DEALER / STOCKIST / RETAILER 'S MARGIN MADE TRANSAPERANT ?? IS IT VARIES FROM INDUSTRY TO INDUSTRY ?? LIKE TO KNOW THE TOTAL DETAILS OF MRP

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  1. MRP (Maximum Retail Price) is fixed by the manufacturer keeping in view the cost of the product, his profit, other costs like transportation, storage etc. and profit margin of all intermediaries including the retailer. Govt. has no role in fixing MRP of a product.

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