• Source: Maximum retail price

Maximum retail price (MRP) is a manufacturer-calculated price that is the highest price that can be charged for a product sold in India, Indonesia, where it is known as Harga Eceran Tertinggi (HET), and Bangladesh. The MRP is also imposed by the government in Sri Lanka for goods designated as 'essential commodities'.




About


The benefits of having a nationwide, legally-enforced MRP include lower prices for consumers and a decrease in the symptoms of inflation. All retail products in India must be marked with their MRP. Shops cannot charge customers over the MRP. Some shops may charge slightly below MRP to draw more customers to their stores. In some remote areas, tourist spots, and in situations where a product is difficult to obtain, consumers are often charged illegally over the MRP.
However, the retailers may choose to sell products for less than the MRP. MRP differs from systems using a recommended retail price because in those systems the price calculated by the manufacturer is only a recommendation, not enforceable by law.
In April 2015, it was reported that milk vendors in Mumbai were threatening a boycott after it was discovered they had been charging above MRP and the Maharashtra state government threatened to intervene.




Criticism


The concept of MRP has been criticized as incompatible with the free market system, because it involves manufacturers deciding what profit retailers will make. It is easy for sellers to charge more than the MRP by charging for 'services' on top of the item price, such as a 'cooling charge' for cold drinks, or by manufacturers setting the MRP at up to ten times the expected sale price. In Sri Lanka, it has been reported that the MRP for basic items at food stalls is circumvented by the operators charging separately for ingredients in the food, such as the eggs in egg hoppers. The MRP also hurts consumers in rural areas because if retailers cannot charge a higher price to make up for the higher cost of transportation and distribution to those areas, they may simply not stock many items.




Unit sale price


From 2022 onwards the USP (Price per unit, KG or per gram) will be displayed along with MRP for goods in India.




See also


Price controls
Recommended retail price
Resale price maintenance




References

Kata Kunci Pencarian:

• Harga eceran tertinggi
• Kroger
• Steam
• Invasi Ukraina oleh Rusia
• Massachusetts Bay Transportation Authority
• Maximum retail price
• List price
• Price controls
• Resale price maintenance
• MRP
• Lamington Road
• List of business and finance abbreviations
• Minimum support price (India)
• Jago Grahak Jago
• Retailing in India