Q.:- When we buy commodities we find that the price charged is sometimes higher or lower than the Maximum Retail Price printed on the pack. Discuss the possible reasons. Should consumer groups do something about this?
The possible reason for higher price may be overcharging by the retailer for an ignorant customer. The possible reason for a price lower than Maximum Retail Price (MRP) may be due to bargaining by the customer, or a discount being given by the retailer to increase his sale.