Informing the buyer of the price at which the seller purchased the goods
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Question:
Honorable Shaykh, among the questions we received, one questioner says: If the buyer asks the seller, "For how much did you buy this item?" is the seller required to inform him?
Answer:
If he intends to sell it to him for the price he paid for it, then he must tell the truth and not deceive the buyer by saying, "I bought it for such-and-such," in order to have him take it for that price, because this is considered a form of bid'ah (religious innovation) that the Messenger (peace and blessings be upon him) forbade. However, if he does not intend to buy it and tells him that he bought it for such-and-such while lying, then this is lying in speech, and the Muslim is required to be truthful. Yes.
Honorable Shaykh, among the questions we received, one questioner says: If the buyer asks the seller, "For how much did you buy this item?" is the seller required to inform him?
Answer:
If he intends to sell it to him for the price he paid for it, then he must tell the truth and not deceive the buyer by saying, "I bought it for such-and-such," in order to have him take it for that price, because this is considered a form of bid'ah (religious innovation) that the Messenger (peace and blessings be upon him) forbade. However, if he does not intend to buy it and tells him that he bought it for such-and-such while lying, then this is lying in speech, and the Muslim is required to be truthful. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (103) لمعالي الشيخ صالح الفوزان بتاريخ [1436-10-24] - كبار العلماء — youtube.com (20:33)
The Arabic text is a machine transcription of the audio recording.