mark up for consumer goods

we need to understand that retail prices on the average have a markup of between 50-100%..this is not a new phenomenon but age old..the retailer has to invest in the stock for which there is an interest cost,have to invest in retail space which is not cheap,employ sales and service personnel and above all make profit not only for themselves but also to provide more comfort to the customer...so 60-80% which is being reported is the normal mark up in retail... more  

Some of the MRPs are more than 75% of cost. There should be a maximum limit over the wholesale deader price more  
This is true. Due to Pandemic the prices of most of the items have sky rocketed, specially food items have gone up beyond a limit. more  
Then why MRP is 4 times the actual selling price? I used to purchase rock salt at rs 20/kg. Because of lockdown I had to purchase from shop near to me.The same item cost rs 80/kg as that was the MRP printed on the packet!!! more  
yes during Lockdown period period prices had sky rocketed as the ttention of the Gvernment was on containing the infection, making equioments available for Hospitals, Medical workers and Public.

TThas when all prices went up and since then we are struggling as the prices havnt come to the PreCovid 19 position at all. more  
Appreciated more  
One thing is clear, if Customer finds the product too expensive they can refuse to buy it. more  
Post a Comment

Related Posts

    • Multiple Quantity price online is an issue

      See attached Printed MRP of 1 pen Rs. 400; So MRP of 3pens Rs.1200. Amazon seller onlinestationeryshop claims 3 pens' MRP Rs.1500, Post discount price 1380. Thus seller is charging Rs.180 more than...

      By Meeta Sinha
      /
    • Price Vs Quantity of Products

      Dear Learned Reader, Wishing everyone a very happy & prosperous New Year 2021. I wish to bring to your kind notice that after the breakout of Covid19 most of the manufacturer ...

      By Anoop Kishore Bhatnagar
      /
    • Flipkart sellers listing products above MRP

      See MRP of 179.50 listed as 278. Can such sellers who mislead consumers be booked by legal metrology?

      By Preeti Kumar
      /
    • Apple charging GST over MRP

      Apple website in India and its employees seem clueless about mrp and that gst cannot be charged above mrp. See attached mrp on invoice 4900 box 4500. Can legal metrology folks book them ...

      By Ankita Jain
      /
    • MRP loots are rampant and legal metrology sleeping

      Kindly raid Narayana Health of Devi Shetty and his son Viren Shetty company Amaryllis healthcare. Amaryllis is supplying PPE kits to narayana health hospital chain by manipulating MRPs ...

      By Shirisha Kumar
      /
    • Sellers manipulating MRP on ecommerce

      Sellers continue to trick customers by manipulating MRP online. See example attached. Product with MRP 390 selling at 10% discount for 351 on Amazon. Same exact product showing MRP of 510 on Flipka...

      By Chitra Kumar
      /
    • Prices for Shirts Pants Pyjamas Tshirts

      I recently had a zoom call with one of our family members in Bangalore who works as top management with a leading clothing brand rather they own many renowned brands in India. Here is so...

      By Anshu Verma
      /
    • Warning to all buying hampers

      I just want to warn everyone buying gift hampers. In Many of them the total MRP advertised on the hamper is less than the sum of MRP of products inside so add up Please. Also many o...

      By Garima Sharma
      /
    • Jiomart also charging above MRP

      These retailers are pathetic. They dont have the attention to detail to update their systems when prices change and then they err on the side of overcharging. Jiomart is one such platfo...

      By Shailesh Deshmukh
      /
    • How ecommerce platforms mislead on MRP

      See how flipkart seller is showing MRP of INR 650 for a product that has MRP of 380. First they pump up by showing fraudulent mrp then they say 27% discount and sell for 470. Real mrp is...

      By Radha Puri
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)