> Cloud vendor pricing often isn't based on cost.
Business 101 teaches us that pricing isn't based on cost. Call it top down vs bottom up pricing, but the first principles "it costs me $X to make a widget, so 1.y * $X = sell the product for $Y is not how pricing works in practice.
Just to spell this out more clearly for the back row.of the classroom:
The price is what the customer will pay, regardless of your costs.