Paid to labor in China $0.05
Paid to oem/outsource co in China $2.00
Margin for mfg co $30.00
Margin for retail co $117 - out of that keep 20% for any 'discount' to customer, 30% for mall's share of revenue, 30% for mall rent etc, 20% for retailer.
So you can buy in any roadside stall in China...