@Auspice Yup. Minimum wage and materials, that yarn alone would have been $85 at least. Without markup.
The most annoying thing is that she is the person who got me involved in fiber arts in the first place (seriously, when I was four) and she collected handspun yarn back in the 80s. She knows how much it costs. That's less than she'd pay for a single skein back then that was 20 yards of simple bulky stuff, not 250g of hand-dyed and mixed and spun luxury fibers.
We do the jewelry thing together -- or did, she retired with almost no warning last year and dropped the business (including all the things of it she did and would never allow me to be involved in to know how to do or who to contact/pay/etc.) on me -- so she knows. She actually has gone to the same 'how to price your work' seminars I have.
How she has become as brain-damaged as some of our worst customers is just... beyond.
My father just does things like tell me I have to create a web site for the 2k+ different items we have on hand from scratch over a three day weekend or we'll be sleeping in our cars, which, while more ridiculous and more extreme, is sorta forgivable because this is the same man I had to explain the use of scrollbars on a web page to when he thought the porn companies were trying to scam him by 'only giving him half a picture free' and 'did he have to pay for the lower half of the picture, this is a scam, it's a scam!!!' (We will just ignore the fact that he was using word processors back in the days of the suction cup modems as a journalist often on the road, 'cause... we have to.) As unreasonable, panic-inspiring, and certifiably insane it is, I can usually send my husband over to explain to him why this is impossible (because this answer is not acceptable unless it comes from someone with testicles and cannot be true if it's coming from... the person who had to explain scrollbars to him).