The murmur is the result of the mitral valve prolapse. It's become severe enough to be audible. It's a degenerative disease and would probably result congestive heart failure. He would require a cardiologist to treat his condition and they do not come cheap. An initial work up can run anywhere from $500-$750 at least here in Virginia.
As much as one wants to "rescue" an animal I would not knowingly purchase a sick puppy...especially one as sick as this one seems to be.
To be honest, I think it's unconsciousable that anyone would charge for this puppy.
I would advise your friend to keep looking...
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