It looks a bit on the cheap side to me. The other replies are correct in that you're only making a marginal profit.
I know it's tempting to make it cheap to make sales and get a foot hold in the market. I'm sure you have the mind set that I did which is that you already have your equipment, and don't have many overheads, so its just a little extra cash...
..but having said that, while it may seem not a big deal in the beginning when you're still psyched to be getting anything in return for shooting these people, in a little while no matter who they are it starts to feel like work, and that 1 hour of shooting turns into a 30 minute drive there and back, and that hour actually turns into almost two etc etc...
when you offer things that cheaply you may very well end up getting your hand bitten off because your deal is just too good to be true, and all of a sudden youre obligated to cover a dozen jobs in a month with very little to show for it.
Not to say that you have to charge more to keep the demand in check, but if youre working so hard you should at least be getting paid to do it, because the shine will come off of doing it sooner than you think.
Have you checked around for local prices etc?
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