Most setups consist of adjusting the truss rod for maximum playability. Intonation if needed and checking the nut and hardware for flaws. It costs from 30 to 50 bucks. If you got a squire51 or any inexpensive guitar that needed the edges of the fret wires filed, not uncommon, then it would cost more. There are instructions in the guitar tech forum for how to do all this yourself. You can see that if there are problems with a cheap guitar that you can't fix yourself, you can run into extra costs which negate the bargain price.
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