Non perishable product sold at a discount of 38 percent below MRP- GST effect?Yesterday I was shopping in a local supermarket. In the detergent powders shelf there was a notice that 'so-and-so' brand detergent powder with MRP Rs.242 offer price Rs 150. The discount is Rs.92 which works to a whopping 38 per cent for a non-perishable daily used item. To be frank, I fell victim to that offer gimmick and bought two packets of that product. I am sure the shop would not have sold it for loss because it is a non-perishable item. At the maximum it might be at no-profit, no-loss. I wonder how much would be the margin in normal days.
Or can it be due to the GST effect? I am not able to understand because GST for detergent powder is more than the current rate. So the new prices will increase by about four to six percent due to the increase in tax. But then why the existing products should be sold at a discount of 38 percent?
Please post your views.