Worthy of Charging?

Teenage kid working at Disney world charges $25 to get your picture taken coming down the log flume or standing with Mickey in pretty uninspired situations.

Kids at prom should have a camera but so should people at amusement parks.
 
Actually the photographers at Disney are paid by the hour not the photos they sell. They don't sell photos. Disney sells photo passes. All of the photos go to one central database under the pass holders name. The have loads of photographers assigned to various areas who take photos for anyone all that want. Most people by a photo pass upfront which gives them all of the photos that are taken of them and their group for download later.
Disney PhotoPass® Service
 
While I agree with Vtech, keep in mind every kid with a phone, what kid doesn't have a phone, is going to have a camera with him or her. If they are looking for photos of the formal part of the prom you are looking at basically having a setup that matches the theme of the prom. Couples, groups come and have their photo taken.

Personally these days I am not so sure there is any money to be made in it. You better bet would to pursue the pre prom business, where you are hired by the parent to take quality photos prior to prom. The parents are more likely to be paying clients the the prom attendees themselves.
 

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