Prices are created and written in the Inventory Section based on certain criteria, such as demand for an item, what the item would cost new, what competitors charge, ect. It is not an exact science, but there are some guidelines that Inventory goes by.
All of this information is in the computer, broken down under the “Inventory” section of the computer program.
Memo’ed items from dealers occasionally have the dealers tag, but in addition, should have our tag.
When you look at a tag before giving a price, make sure that the tag fits the piece you are showing. From the above information, you can see that there is room for error in many ways. If the price doesn’t seem to be right, it probably isn’t. If the tag isn’t marked as usual, suspect that something is wrong and double check the price before quoting a price. It has and can mean the difference of hundreds of dollars if you give the wrong price. It is better to take a second, than to cause all of the upset that can occur from quoting a wrong price. Salespeople should know the price range of most of our inventory. If they do, then oddities will stand out.
Learn how to quickly check the inventory in the computer. Until then, ask the correct person.