What does RRP stand for?

Native speaker’s answer
Rebecca
"RRP" is an acronym for "recommended retail price," which is a price recommended by manufacturers to stores about how much they should sell a certain item for. The speaker is stating that this watch has a recommended retail price of 4000 British pounds. Ex: This purse has an RRP of $10 000 American dollars. Ex: This store is selling the item for a price that is lower than its RRP.