I am very new to android.. I am working on In App billing.. My question is what is the main purpose of Managed and Unmanaged state while adding the In App product..
The main difference between managed and un-managed is that a managed purchase can only be bought once and is tied to the Google account that purchases it.
Un-managed purchases can be bought multiple times and are intended for consumable items.
For more information, please see the Choosing a Purchase Type section of the Google in-app billing documentation.