Is it permissible for a person who is being haggled with to tell the truth?
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The questioner : If the buyer asks about the price of the item, is he obligated to inform him?
The Shaykh : If he asks, "For how much did you buy it?" he is obligated to tell him the price. If he asks, "For how much are you selling it?" he may estimate whatever price he wishes. However, if the buyer is naive and does not know, such as a woman or a boy who does not know, or the like, then it is not permissible for him to increase it beyond the price known among people.
The Shaykh : If he asks, "For how much did you buy it?" he is obligated to tell him the price. If he asks, "For how much are you selling it?" he may estimate whatever price he wishes. However, if the buyer is naive and does not know, such as a woman or a boy who does not know, or the like, then it is not permissible for him to increase it beyond the price known among people.