Thanks for the replies. BenE I was pretty much talking about everything but my time.
400 miles X the standard .26 per mile gas and wear and tear is $104. Super 8s here will run $65. 3 meals $30, and a very meager $50 to throw at depreciating equipment.
My profit comes from senior photo shoots and weddings, so its not like I do all my shooting this cheap. I enjoy the "pretty girl shooting" the best, and this is the type of work I would like to eventually be making a fair amount of profit from. To have a shoot that will actually be used by someone for work, other than the local girl that just wants to have some hot pictures of herself goes a long way to cover my time. (For this shoot only) This of course will not be the norm as time goes on. Once I have something like this in my portfolio and I am sure I can pull it off at a top tier professional level, then of course the price goes up.
I was just wanting a couple second opinions to confirm my own thinking that she was getting a great deal. I was just so surprised to have her try and get me cheaper, that I was second guessing if it really was a deal, but yeah... it really is a deal.