This was my job as a lad have the tyre removed & grind of the flakey alloy/rubber compound on the bead of the rim to a shinny surface and spray it with any colour paint you like because you won't see it.
Then soap the rim and clean the tyre and re fit, You could do the rim yourself and ask the garage to re fit the tyre.
That price you quoted is far too much for this type of common repair.
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