It depends on the partner and the specific product. Some partners price at or near Microsoft's list price and make their margin through value-added services; others build a margin directly into the unit price in exchange for bundled support and management. Neither approach is inherently better — what matters is understanding the total value you're getting for the price.
The most reliable way to evaluate this is to ask directly for a transparent breakdown of pricing and what's included, and compare it against what you'd pay (and what support you'd get) buying and managing things yourself.
We're happy to give you a transparent breakdown of our CSP pricing versus what's included — no surprises.