UPPCS · Question 8
Given below are two statements, one labelled as Assertion (A) and the other as Reason (R). Assertion (A): Consumers can bargain below Maximum Retail Price (MRP). Reason (R): MRP is a price a seller must charge from the buyer. Select the correct answer using the code given below.
Show answer & explanation
Answer: (D) (A) is true, but (R) is false
Explanation
MRP is only the ceiling price; a seller may sell below it, so consumers can bargain. The Reason is false because MRP is not a mandatory price.