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I'm not sure, because here is what the FCS tells us:
loot price mult: the price player gets for selling regular ite4s as loot (stolen, or non-traded items)
loot price mult GEAR: the price player gets for selling armour weapons as loot
BUT there are separate entries called "loot price mult player armour" and "loot price mult player weapons which says: "price multiplier for the player selling armour / weapons he crafted himself."