Question: "I have often been mystified," said Colonel Crackham, "at the startling reductions some people make in their prices, and wondered on what principle they went to work. For example, a man offered me a motorcycle two years ago for $1,024.00; a year later his price was $640.00; a little while after he asked a level $400.00; and last week he was willing to sell for $250.00. The next time he reduces I shall buy. At what price shall I purchase if he makes a consistent reduction?"
Answer: It is evident that the salesman's rule was to take off three-eighths of the price at every reduction. Therefore, to be consistent, the motorcycle should be offered at $156.25 after the next reduction.
No comments:
Post a Comment