Jim Profit
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Jun 12, 2024 · Learn what profit is and how it is calculated for different types of businesses. Find out the difference between gross, operating, and net profit, and how they affect a company's performance and value.
- Will Kenton
- 1 min
Learn the meaning of profit as money earned in trade or business, or as benefit or advantage. Find out how to use profit in different contexts, such as accounting, finance, or business English.
Learn how to calculate gross profit and net profit for a business, and how to interpret profitability ratios and average rate of return. See examples and test your knowledge with questions and answers.
1. : a valuable return : gain. 2. : the excess of returns over expenditure in a transaction or series of transactions. especially : the excess of the selling price of goods over their cost. 3. : net income usually for a given period of time. 4. : the ratio of profit for a given year to the amount of capital invested or to the value of sales. 5.
Profit is the money you have left after paying for business expenses. There are three main types of profit: gross profit, operating and net profit.
Nov 28, 2020 · Learn what profit is, how it is calculated, and why it is important for businesses and investors. Find out the different types of profit, the profit motive, and how to increase profit.
noun. often plural excess of revenues over outlays and expenses in a business enterprise over a given period of time, usually a year. the monetary gain derived from a transaction. income derived from property or an investment, as contrasted with capital gains. the ratio of this income to the investment or principal. economics.
