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Determination of Quality of Food

What is the f...

Question

What is the full form of MRP?

A

market rate price

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B

maufacturer rate price

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C

minimum retail price

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D

maximum retail price

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Solution

The correct option is D maximum retail price

A maximum retail price (MRP) is a manufacturer calculated price that is the highest price that can be charged for a product sold in India. However, retailers may choose to sell products for less than the MRP.

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