It has been this price for months, not every store carry it though.
From what I remember when I looked at this one recently, it seems to be the older model of this ladder[homedepot.com] that was dropped to $42 a while back. The big difference is the old model doesn't have the notches for the bucket / tool holder / paint cup add-on accessories. Neither old or new has a drop down shelf to set stuff when you're up on it.
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