Factor the no-pedals into the cost. If the bike is higher end, most likely 9/16 inch threaded pedals. Lots to choose from. I like to get two sets for a nice road bike. One is clipless, low profile, and light. The other is caged with clips and straps, and decent quality with sealed cartridge bearings. I keep the clipless for club rides with more experienced folks to keep up appearances :-). I keep the clips/strapped caged pedals for commutes and if I need to park the bike outside (clips and straps look older and therefore cheaper - and hopefully - knock on wood - less tempting to steal).