[Continuation of boat-buying scenario from previous question…
[Continuation of boat-buying scenario from previous question] As is the practice at many dealers, the price of the boat was unlisted. To obtain the asking price one has to inquire with a salesman. Upon hearing Todd’s excitement about the boat the salesman said the sticker price of the boat was $24,000, even though he knew they were originally planning on asking for $19,500. What was the salesman doing in this situation?
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