Sell it at 50 times profit! Shady business?

Well, I have been really lazy updating this and getting all my thoughts written down.
Until a friend was on the phone from India - kind of reminder why I made this page anyway - to get some people turn around in their sleep and earn some money for themselves selling these cheap items for huge profit, while helping the guy in India earn a huge lot of money (well, in India anyway).

So, I was thinking of turning these cheap bags into lampsahdes. What do You think they should sell for? Oh, well, the bags did cost about $0.5 a piece; A ten times more... nah... probably around 50 times more at least.