Quikr, online classifieds marketplace has launched Maximum Sales Price (MSP)- a pricing guide to pre-owned goods. MSP will help sellers determine a reasonably accurate value for their used goods before posting an ad for these items on Quikr.com. The MSP model will also help buyers understand if they are getting a fair price for the used products that they wish to purchase.

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

Pranay Chulet, CEO & Founder of Quikr said, “We are sensitive to the fact that 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. Quikr’s MSP calculator provides both buyers and sellers with the most credible information about the prevailing market rates for used goods across categories.”

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