The ruling on selling with a profit multiplied many times over
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The ruling on selling with a profit multiplied many times over
A person sells his goods at approximately ten or fifteen times the price. What is the ruling?
If a person makes a profit of two, three, ten, or a thousand times on a commodity, but does not exceed the market price, there is nothing wrong with it.However, it should be noted: Why did he buy it for such a low price? Is it because the seller who first sold it to him was a stranger who did not know the prices? In that case, he must inform him. Or did the prices of the items surge and increase rapidly? In that case, he owes nothing.
A person sells his goods at approximately ten or fifteen times the price. What is the ruling?
If a person makes a profit of two, three, ten, or a thousand times on a commodity, but does not exceed the market price, there is nothing wrong with it.However, it should be noted: Why did he buy it for such a low price? Is it because the seller who first sold it to him was a stranger who did not know the prices? In that case, he must inform him. Or did the prices of the items surge and increase rapidly? In that case, he owes nothing.