1. #1
    Unregistered

    How are MRP prices are fixed on any products? Who fix it Company or is it decided by the government?

    Most of the time we buy product in our day to day life. There is cost price and MRP price. I just want to who decides the cost of any product. How these MRP prices are fixed on any products? Is it decided by the company or by the government? Please suggest.

  2. #2
    Labournet Law Consultancy Array
    Join Date
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    2nd Floor, Patel Complex, Basin Road, Ernakulam, Kerala
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    Re: How are MRP prices are fixed on any products? Who fix it Company or is it decided by the government?

    Cost price is the cost incurred for the manufacturing of the product and incurred the

    marketing expense also. M.R.P includes the profit. M.R.P is decided by the company and it is not

    decided by the government.

  3. #3
    Ashok Array
    Join Date
    Jul 2012
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    2,293

    Re: How are MRP prices are fixed on any products? Who fix it Company or is it decided by the government?

    Quote Originally Posted by Unregistered View Post
    Most of the time we buy product in our day to day life. There is cost price and MRP price. I just want to who decides the cost of any product. How these MRP prices are fixed on any products? Is it decided by the company or by the government? Please suggest.
    Dear Aspirant,

    MRP means maximum retail price.It is the price at which the products are sold by the retailers to the consumers.This price is fixed by the manufacturer on the basis of the cost of raw materials,processing cost,labour cost & the marketing cost including the price of c&f,distributor,wholeseller,retailer.

    This price is not fixed by the govt.

    Thanks.

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