A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.
ReplyDeleteDEFINITION of 'Profit'
A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.
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Simple Definition of profit
: to get an advantage or benefit from something
: to be an advantage to (someone) : to help (someone)
: to earn or get money by or from something
Full Definition of profit
intransitive verb
1 : to be of service or advantage : avail
2 : to derive benefit : gain
3 : to make a profit
transitive verb
: to be of service to : benefit
profit
income
double income
tripple income
game