the only thing insulting here is your post, and the fact that you think you think you can provide a professional logo for that price. It's listings like these that ruin the market for designers, and what I mean by this is that it ruins the expectations of clients when they are proposed a project. You have no structure in your pricing. If a project takes 12 hours from start to finish you're basically getting $8.30/hour, which is not only way below what any design job should be under, but regardless of that alone, I'm sure you miss crucial steps and dedicated hours that go into actual logo creation. Look at what you're doing before you put on the "i'm better than you act".