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It can also be a good idea to go to a shop without buying anything, but just to see how low the price will go before the vendor stops going down. That gives you a rough idea of the typical markup in that neighborhood. I've known street vendors in thailand to give 90% off.

But the thing is that these people need the high margin sales to make a living. They'll sell at the lowest price that they're still making money, but if all of their sales are like that they're not making a living. That's why you shouldn't haggle all the way down if you like the vendor.

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