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What is a retail price?

April 26, 2017price retail

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What is a retail price?

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Ans. A retail price is a price at which a formulation / medicine is sold to a consumer/user. The manufacturer of the formulation is required to print such a price on the label of the product. In case of controlled formulations the retail price is a price arrived at or fixed in accordance with the provisions of Drugs (Prices Control) Order, 1995.

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Posted

A retail price is a price at which a medicine is sold to a consumer/user. The manufacturer of the medicine is required to print such a price on the label of the product. In case of controlled formulations the retail price is a price arrived at or fixed in accordance with the provisions of Drugs (Prices Control) Order, 1995.