Dear members,
Would like to understand the mechanism of fixing the MRP over the actual cost price. Yesterday, I had brought an electric bulb at a shop in RTC X Roads in Hyderabad. The shopkeeper took just INR 10 from me as against the MRP written as INR 22 on the box. When inquired, he told me that INR 10 is all inclusive and no need to go by the amount on the box. If I take INR 10 as the cost price, there is a 120% in excess when it is charged on the box as INR 22. INR 10 which paid also includes the shopkeepers profit. Then, what would be the actual cost of the bulb?
This means unknowingly, we have been paying such a huge amounts for the commodities and contented with the discounts of INR 2 to 5 which shopkeepers provide when we insist on bargaining. Super markets does not even allow bargaining over the MRP. The consumers are losing so much everyday.
Can anyone take action on the erroneous MRPs being printed on the product boxes and save the gullible consumers please. more
Would like to understand the mechanism of fixing the MRP over the actual cost price. Yesterday, I had brought an electric bulb at a shop in RTC X Roads in Hyderabad. The shopkeeper took just INR 10 from me as against the MRP written as INR 22 on the box. When inquired, he told me that INR 10 is all inclusive and no need to go by the amount on the box. If I take INR 10 as the cost price, there is a 120% in excess when it is charged on the box as INR 22. INR 10 which paid also includes the shopkeepers profit. Then, what would be the actual cost of the bulb?
This means unknowingly, we have been paying such a huge amounts for the commodities and contented with the discounts of INR 2 to 5 which shopkeepers provide when we insist on bargaining. Super markets does not even allow bargaining over the MRP. The consumers are losing so much everyday.
Can anyone take action on the erroneous MRPs being printed on the product boxes and save the gullible consumers please. more
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Now a days, MRP is fixing by understanding Dealer or Retailer profit margin expectations. For Fixing on MRP, there is rule defined by governement. I am not sure clearly. No one is following that. Because of this process, cost of living is getting effected. more
Mar 21
We need to have proper regulations and implementations as well. All Kirana Shops work in the most unregulated manner. That is the reason, you find these shops come up like mush rooms. The community is linked up and the real baniagiri is on display. Unfortunately, the children also grow up with such mentality and fall in to same rut. There is no governmental intervention effective on these people who have full freedom on using all kinds of unethical practices including adulteration of food materials . Similarly, where is the relation between the rates on the menu card and the cost of product +services at Restaurants? Room rentals where the occupancy is quite high, goes at such rates that one finds the free loot going on. Some times, one feels that there is absolutely no control on these aspects which affect the common man's lives. Government departments and their heads are free of any responsibility 5owards these though they earn their salaries to ensure that people are not exploited and the erring agencies are brought to book. Achhe Din can come only by controlling such agencies. more
Mar 15
There is basically hardly any correlation between the MRP printed and the price at which you can obtain the goods It would be well if there could be a standard pricing mechanism specified so that we can understand it. With the advent of GST this should be easily specifiable. more
Mar 15
In Electrical fittings, accessories, Hardware items, paints etc margin are on higher side. May be bcz those goods reaches the consumer thru Electricians, plumbers, contractors. So, the dealers offers you at a discount price! more
Mar 15
