Created on 14th December 2020
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** Does buying a product always at MRP justifies its cost reaching you? ** No, maybe it costs just 10/- but you have to pay 100/- just because it says so. The issue we are trying to solve is not something everyone understands but everyone has been facing for a long time. Why should someone pay a price that's ten times the reasonable price? The companies produce goods and you buy them, let's assume they make it in 5% cost of the MRP they want to keep 20%(4 times the cost of production) as profit and the rest portion of MRP gets used in that product reaching you. You may be living next to that companys manufacturing area and you pay the MRP and someone living thousands of kilometers away also pays that same price, this is not what MRP was meant to be, MRP stands for Maximum Retail Price not Fixed Retail Price it's the max amount of money someone can charge you for that product but they can sell that for cheaper if they want and still make a good amount of profit. We plan on solving this by giving the government total control on what the middlemen get and letting the user see transparently what they are paying for.
Note : This also solves the issue of giving 5/- extra for keeping your stuffs cool 😜
The most important challenge is how the final money will be distributed among the middlemen and secondly to accurately track the journey of a product and design a system that is reliable and fair to everyone.
Technologies used