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Prices 3 times of MRP

Location/place: Koramangala, Bangalore

Name of company/service: A Restaurant in Koramangala, Bangalore

I would like to know are restaurants allowed to charge more than MRP? A popular restaurant at Koramangala, bangalore charges Rs.52 for a mineral water bottle which has printed MRP Rs.15.
Please let me know if this is allowed so that i can disclose the name and lodge a formal complaint.

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