know what is the purpose of mrp when it was implemented

Maximum Retail Price: Sometimes we buy some goods from the market. Then we give the price of that product by looking at its MRP i.e. Maximum Retail Price. If the shopkeeper asks you for a price higher than the MRP, you can complain to the consumer department. No shopkeeper can charge more than the maximum selling price of any item. Doing so is a legal offence. But despite this, if any shopkeeper does this then he is again fined by the Consumer Department. Let us know when MRP was started…

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