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Question
What is the full form of MRP in packaged food items?
What is the full form of MRP in packaged food items?
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Solution
The correct option is B Maximum Retail Price
In packaged food items, the labels on the package must contain information about the product such as, packed date, expiry date, nutritional information, quantity, etc. One such information provided is the MRP which is Maximum Retail Price. MRP is the highest price at which a product can be sold. Retailers may choose to sell less than MRP as well.
Maximum Retail Price
In packaged food items, the labels on the package must contain information about the product such as, packed date, expiry date, nutritional information, quantity, etc. One such information provided is the MRP which is Maximum Retail Price. MRP is the highest price at which a product can be sold. Retailers may choose to sell less than MRP as well.
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