Hi Norman, that is a fair question. My initial reaction was surprise, but only because I have not had a cylinder bored for ten years or more and the last time it was $40-50.
I expected the price to be quite a bit more than the last time and to be honest I expected somewhere around $80-90 not taking into account the multiple bores that would have been involved, something I learned from your previous post.
It was more my being out of touch with current pricing than anything else that gave me a little "sticker shock" not that we are talking large amounts of money, just a surprise.
I guess the other thing that isn't obvious to the rest of the world is that here in Australia, we have almost become accustomed to paying double or triple for items due to the distance, location and lower volumes imported. For example, some software that you can buy for $3-400 can cost as much as $1800 to buy here, so I often ask what an item or service costs in other markets just to get a feel for what is fair, nothing hard and fast, just a gut feel.
We are well accustomed to getting "reamed" it seems on the surface, but when you look at the costs, import duties etc it starts to make more sense with the exception of computer software (downloaded) that often doesn't even get freighted or charged duties. Geoblocking at it's worst, but don't get me started on that.
Had I found the initial quote absurdly expensive, I simply would not have agreed to have him do the job, I just thought it was a bit (30-40%) more than I expected.
The job he has done seems to be of good quality, the cylinder was clean, not full of machining leftovers, however it will still get a thorough cleaning prior to assembly.