D&D Shop via Amazon offers Prime members the Incase Canvas Maki Jacket for iPad in Fuchsia/Gray for $5.19 with free shipping. (Non-members can spend $35 or more to qualify for free shipping; otherwise, shipping costs $8.61.) Outside of the deal below, that's the lowest total price we could find for the case for any color with substantial stock by $5. It also converts into a stand.
Of note, Excellent Brands via Amazon offers it in Black/Pink Dots for $8.65 with free shipping for Prime members. (Shipping adds $8.48 for non-members.)