(1) the gross profit percentage of the price at which the property is being offered by the employer to customers in the case of property; or
(2) 20 percent of the price at which services are offered by the employer to customers, in the case of services.1
For purposes of this provision, an insurance policy or a commission or similar fee charged by a brokerage house or an underwriter on sales of securities is considered a service.2 The qualified employee discount will generally be available for employees of leased sections of department stores.3 The same nondiscrimination rules apply to qualified employee discounts as apply to no-additional-cost services (see Q 8905).4