Leather Jacket Selling Process

A seller brings a handmade leather jacket to a shop, hoping to sell it for $500. The jacket has a label from East/West Musical Instruments, which piques the shop owner's interest. An expert is called in to evaluate the jacket, revealing its historical significance and high value, as it was made for rock stars like Elvis Presley and Janis Joplin. The jacket is valued between $2,000 and $3,000. After negotiation, the seller agrees to sell it for $2,000, much more than initially expected.

What did the seller find inside the jacket that made them think it was special?

• A musical note

• A unique label

• A price tag

• A hidden pocket

Where did the seller purchase the leather jacket?

• An online auction

• A thrift store in California

• A boutique in New York

• A garage sale

What was the seller's initial asking price for the jacket?

• $1000

• $100

• $200

• $500

Why did the shop owner decide to call a friend regarding the jacket?

• To authenticate the leather

• To get a second opinion on the price

• To learn more about the label

• To find a buyer

What was the East West Musical Instruments company known for?

• Making musical instruments

• Designing leather jackets for rock stars

• Creating art pieces

• Producing vintage cars

Which famous rock stars were mentioned as having worn jackets from this company?

• The Beatles

• Elvis Presley and Janis Joplin

• The Rolling Stones

• Madonna

What was the estimated value range given for the jacket?

• $500 to $1000

• $2000 to $3000

• $1000 to $1500

• $3000 to $4000

What was the final selling price of the jacket?

• $1000

• $1500

• $2500

• $2000

How did the seller feel about the final sale price?

• Indifferent

• Satisfied

• Regretful

• Disappointed

What was the seller's lowest acceptable price before the negotiation?

• $300

• $200

• $400

• $100