Depending on the model of Bushnell that is sitting on top of it, this certainly isn't out of line price-wise from my limited knowledge of Handi rifles. I was looking at an Ultra in .223 this weekend and the gunshop was asking $250.00. I looked it up on Wally World's web site and they were asking $242.00.
I have a 4-12x40 Swift sitting on top of my .223 Handi coyote rifle. In most places I hunt, the 4x setting is plenty of scope as it is really hilly here in Southern Indiana. Everytime I setup in a new stand, I adjust my power setting to meet my needs for that area. If I have an open field on one side and hilly woods on the other side, I might change my scope setting to 6x, 7x, 8x, or even 9x.