First off, I did not create this formula, Give the guys from "cataclysm gold secrets" the rep, I'm merely posting it here for people who don't have the guide.
If you use Auctioneer, There is a built in sub-addon(?) called Enchantrix, What it does is it shows you the items and the proc rate of what it yields when disenchanted. A very common strategy is to buy cheap greens that you DE and resell the mats on the AH for a profit. Here's a little formula to help you calculate all of that.
((AxA1xA2) + (BxB1xB2) + (CxC1xC2))/100
A = the percentage drop rate of enchanting material 1
A1 = the percentage drop rate of enchanting material 2
A2 = the percentage drop rate of enchanting material 3
B= the number of enchanting material 1 that might drop
B1= the number of enchanting material 2 that might drop
B2= the number of enchanting material 3 that might drop
C=the current price of enchanting material 1
C1=the current price of enchanting material 2
C2=the current price of enchanting material 3