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How is the ma...

Question

How is the maximum retail price printed (MRP) on packets beneficial for you?

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Solution

The maximum retail price (MRP) is the maximum value of a retail good that a retail seller can charge to his customers. The MRP protects the customers from arbitrary pricing and often over charging by the retail sellers. Thus, the MRP helps to protect the interests of the customers.

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As a responsible consumer what mark or printed alphabets words will you look for that reflects the quality of a juice packet purchased by you?

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