1. **Determine the selling price and cost price**:
Selling Price (SP) = 50
Cost Price (CP) = 35
2. **Calculate the gross profit**:
Gross Profit = SP - CP = 50 - 35 = 15
3. **Calculate the percent gross profit**:
Percent Gross Profit = \left( \frac{15}{35} \right) \times 100 = 42.8571\%
4. **Answer**:
The percent gross profit is 42.8571\%