Quikr’s Maximum Sales Price to calculate price for used goods

PUNE: Classified online market place Quikr, today announced the launch of Maximum Sales Price ( MSP) that helps sellers determine a reasonably accurate value for their used goods before posting an ad for these items on Quikr.com.

Similar in concept to Maximum Retail Price (MRP), the MSP model will also help buyers understand if they are getting a fair price for the used products that they wish to purchase.

The company claimed that this is the first pricing guide in the country for pre-owned goods. The optimum price range for comprehensive variety of used items can be determined by using the MSP calculator on Quikr’s website and mobile site. Users can ascertain the best possible price range for their used goods.

Currently, pricing calculators are available for the cars and bikes category but the covers a large range of products from electronics, real estate, mobile phones, automobiles, home and lifestyle.

“Our users sometimes struggle with determining a fair cost for used products, whether they are buyers or sellers. We launched MSP to help them determine the best possible price range based on the huge amount of data from actual user generated ads on Quikr. Our calculator provides both buyers and sellers with credible information about the prevailing market rates for used goods across categories,” said Pranay Chulet, CEO and Founder of Quikr

The calculator is currently live on Quikr’s website and mobile site, and works using special algorithms designed by the company. These algorithms take into account the pricing of that particular item in that category based on similar product listings over the past three months.