Should I fix bike or sell? braking problems?

so I heard noise an heat coming from my rear brake rotor and pads. Changed the pads an they were worn badly little to no pad material left. my rotor didn't look gouged. I put the new pads on but my caliper is stuck. within a half mile it was smoking and extreme heat. What should I expect in labor to rebuild a... show more so I heard noise an heat coming from my rear brake rotor and pads. Changed the pads an they were worn badly little to no pad material left. my rotor didn't look gouged. I put the new pads on but my caliper is stuck. within a half mile it was smoking and extreme heat. What should I expect in labor to rebuild a brake caliper my shop charges 65 a hour an charges what they take for time not over charging labor times. I plan on geting a caliper rebuild and new brake pads. I have the parts which cost about 30 total. how many hours should a caliper rebuild take?
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