Sales - Gross = Profit

Question

If I buy a product at $3.50 and sell it for $5 then $5 / $3.5 = 1.42%. If I discount 30% off of $5 then its $1.50 Gross profit. How is the profit the same but the % different!

Answer 1

It's not the discounted price/the selling price, it's the difference/the selling price.

 

$1.50/$5 = 0.3 = 30%