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The Merchant's Overpriced Silk

Tenali Raman Stories · 1 min read

A traveling silk merchant, assuming a royal court would pay any price without question, offered the queen a bolt of silk at ten times its true market value, banking on the assumption that no one in a palace would have any real, practical knowledge of cloth pricing from actually trading in markets themselves.

Tenali Raman, present at the transaction, asked to examine the silk closely before any price was agreed upon, and began speaking knowledgeably about thread count, weave tightness, and dye quality in specific technical terms that clearly demonstrated genuine market expertise — knowledge he had, in truth, picked up years earlier from his own family's modest cloth trading business before he ever came to court.

The merchant, realizing his usual trick of exploiting royal ignorance would not work here, grew visibly nervous under such informed questioning and quickly "discovered" a more reasonable price, one much closer to the silk's actual worth. Tenali Raman, satisfied but not unkind about it, purchased the silk at the fair price and remarked afterward to the queen that the wealthiest courts are often the easiest to overcharge — precisely because so few people in them have ever needed to haggle for themselves in an actual marketplace.

Moral of the story

Genuine, hands-on knowledge is the best protection against those who assume you know nothing.