#MRP
The government introduced a system of marking the price of articles on its packing so that the public is not cheated into paying more than a reasonable price Under the Weights and Measures (Packaged Commodities) Rules, all packed goods should carry certain essential information on the package which includes among other things the maximum retail price ( MRP ). Under the Consumer Goods (Mandatory Printing of Cost of Production and Maximum Retail Price) Act, 2006, certain guidelines have been provided so that the consumer cannot be charged over the maximum price printed on the goods by the manufacturer. This MRP is so devised that it includes the cost including profit of the manufacturer + the cost of transportation to a far point in India from place of manufacture + all the taxes on it (the highest possible State tax on that item in India) + profits of the distributing chain + profit of the retailer. The defe