Why do photographers charge "ridiculous" prices?

After receiving the enquiry this week that most photographers dread, I felt compelled to write a blog explaining the logic behind my ridiculous prices. "£160? For a baby smashing a cake??" This was the response that awaited me when I replied to a Smash 'n' Splash enquiry and first and foremost I would like to apologise to the lady who thought that I was being rude when I detailed the exact cost of everything that goes into a cake smash session. I did this because I was made to feel that I should justify my prices. But it really wasn't my intention to be rude at all. I do however have a silly sense of humour and towards the end of my reply I added a flippant comment; that after realising just

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