You could get a Savage 10FP and a Bushnell 3200 10x mil dot for about that price I think. That'd be much better for long range shooting IMO.
Stay away from those cheap scopes as well. The bushnell I mentioned can be found for a little over $200, but that is the minimum price for a good scope. The Savage will have the free floated barrel and all the other features that are much better suited to long range shooting than the thin barreled hunting rifles are. I will be the first to admit the savage is a pretty good deal even though I am a Remington snob myself. Don't cheap out on anything. Through a complicated process of settling for mediocraty and then dissapointment, cheap = expensive. There are a lot of good websites to look up what people consider good optics for long range shooting. Hell, even at the top of this forum is a link titled "optics for practical long range rifle shooting". Check it out.