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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. 


Social Science

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