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India is the only country I have come across in my travels where it is mandatory to print the Maximum Retail Price (MRP) on any packaged items. On the Wikipedia article for Suggested Retail Price, this fact is denoted as well.

Are there any other countries which follow the same model as well?

I'm not asking why others don't seem to follow it, but for vary consumers, this is a great way of avoiding being ripped off and usually prevents mark-up prices and disparities such as $0.25 cents in supermarket vs. $1 in the vending machine.

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closed as off-topic by Mark Mayo, Flimzy, VMAtm, Karlson, Itai Jul 31 at 15:50

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@MichaelHampton What you are talking about is an MSRP. That's a suggested price. The retailer has the ability to charge you higher or lower than this without any explanations. In India, the retailer cannot legally charge you higher than the MRP. –  Aditya Somani Jul 31 at 2:20
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@Relaxed The Maximum Retail Price is the maximum price at which the product manufactured by a company can be retailed. For instance Coca-Cola bottles have a maximum retail price of Rs. 30 on them and thereby it is illegal to sell them for more than that. The price includes any taxes which are levied. You can buy the product for lesser of course. –  Aditya Somani Jul 31 at 7:43
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Sounds like a variation on the old Soviet concept the retail price is set by the government and is the same everywhere... –  Karlson Jul 31 at 11:39
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@Karlson The prices are not fixed by the government. They is fixed by the original manufacturer. –  Aditya Somani Jul 31 at 12:02
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This question appears to be off-topic - I see economics, but don't really see the travel question in there... –  Mark Mayo Jul 31 at 13:08

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