Thank You Greg for the great Group Buy!
Isn't $118.80 the right amount? The prices are shown full next to the products, but the total at the bottom of the cart under the discount line item reflects the 60% discount.
Yes, as dcd111 suggested, you are seeing the list prices. But if you add them up and compare them with the "Order total", you'll quickly see you are indeed getting the discount when you check out.