Maximum Retail Price (MRP) is the maximum price of any product at which a product/service can be sold out to consumer. It is final maximum cost that a consumer has to pay to purchase any product/service. It is inclusive or all taxes.
Some persons ask about how to calculate GST at MRP? Maximum retail price is inclusive of all taxes. It is the final/maximum price that could be paid by customer. No one can increase MRP or sell products at higher rates than its MRP. Companies fixed maximum retail price so that they can compete in market as well as earn enough profit to run their organization smoothly.
How to Calculate Maximum Retail Price (MRP)?
This is reason why does consumer get 3 times costly product than its manufacturing cost on average.
Below calculation is for example purpose only. Change value of yellow color portion as per your need. Change value and wait for seconds to get your mrp online. Remove what is not applicable.