3 tiered cake and your starting out at $120…that is VERY good. The three tiered hot pink and black hearts I charged $127, and that was below my normal serving price (it was for a very good friend of mine).
Your cakes are amazing. Some people just dont understand that a cake for 75 people is for 75 people no matter how you slice the cake. I once tried to explain to lady who wanted a cake for 120 people no matter how many tiers I make or dont make the cake will feed 120 people. STICKER SHOCK!
I wouldnt go down on prices. People will start to wonder why your so cheap.
You could always tell them like I do… A $4 cup of coffee isnt expensive until you buy 10.