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

    • Jiomart blatantly violating Legal metrology laws

      Some time back it was mandated by govt of India that ecommerce platforms and apps must disclose best before date for human consumption items I just placed an order for some ghee in jio m...

      By Mala Sehgal
      /
    • Ice Cream being sold by Volume ( litre) , but not delivered as per weight ( Gms)

      A lot of ice cream companies will list their products in terms of volume ( like 500 ml) but when delivered , you would realize that its not even 300 ml. When confronted, they would say, 500ml is eq...

      By Chandan Sharma
      /
    • Ecommerce companies non compliant

      Many of these food apps are not disclosing best before dates properly. A notice from legal metrology must go to Grofers on this issue. They just say 21 days but dont tell me I will get this. I rece...

      By Sarika Bansal
      /
    • Dual MRP

      This problem can be seen on railway station platform an in running trains ,malls highway hotels,restaurants and multiplex cinemas also. There is total collapse of MRP law enforcement authorities...

      By NORAT MAL KHANDELWAL
      /
    • Dual MRP persists

      Our legal metrology continues to fail miserably in implementing dual MRP. If you buy the attached bottle of amul cold coffee in the store or online it is 25 rupees and if you buy it from...

      By Nirmala Chauhan
      /
    • No MRP, Weight, date of manufacture or expiry on packaged products

      My driver bought some packaged cookies and cakes (pics attached) from Golden Fiesta (sub of Sindhi Dry Fruits) in Central Mkt, Lajpat Nagar, Delhi on 28 July 2021. To my horror, I found no date of ...

      By Neeru Sood
      /
    • Thanks LC for taking up this poll

      Covid Vaccines must have MRP. Please support the cause. Everyone please send the poll link below to atleast 5 groups. If we all do our bit of voting and sharing in no time the Govt will act.

      By Sarika Bansal
      /
    • Urgently needed - MRP on vaccines

      Why in the world there is no MRP on the different vaccines? If selling price is not shared transparently, hospitals will charge whatever they want and that is exactly what is happening. ...

      By Reeta Kumar
      /
    • Oxymeter loot by websites and shops

      See attached classic example of how sellers have been profiteering from consumers. Wake up call legal metrology controllers. If u are still taking salaries, then u must act.

      By Asha Rathi
      /
    • MRP of Remdesivir reduced

      Thanks to all the good efforts of your circles on remdesivir black marketing menace and overcharging, GOI has intervened Nd MRP of Remdesivir has been lowered. Availability though is a different ma...

      By Sarika Bansal
      /
    • Punishment for charging over MRP

      If a trader has charged me above MRP and I have receipt and packaging to prove the same, what is the process to file complaint and what is the penalty/punishment he will face?

      By Konkona Sen
      /
Share
Enter your email and 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

All My Circles
Invite to
(Maximum 500 email ids allowed.)