Is It Illegal To Lie About Your Cost?

Just had a guy quote me $800 for a replacement part to fix a broken faucet. He went on about how other people are charging $3,000 for the same type of parts, but he's not like that of course.

$800, he insists, is his cost; he makes money on the install oniy. He offered this info before I even got a chance to push back.

Do you think he's lying?

If so, it's ok/legal?

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