SALE

Recently all the middle class people were very happy to see Discount of upto 65% on leading brands such as Koutons, Cantabil, Priknit and the list goes on. Garmets priced as high as Rs. 1200 were available at a nominal rate of Rs. 500. If we go by business policy then even after selling their products at such an heavy discount these companies must be managing to earn a profit for all. We can imagine how much profit the must be earning by selling the garments at MRP. Let us take an example. Garment priced at Rs. 1200 is sold at Rs. 420 after providing a discount of 65%. If the company is securing the minimum profit let it be Rs. 20 then the cost of manufacturing would be meare Rs. 400. Now imagine the profit if the same product is sold at MRP it would be as high as 200%. Now the question arises that are the companies selling products of low quality under the discount scheme? If, yes then have they got the right to do so? The textile ministry should do something to tighten the noose and control the price.