can someone give me an explanation of the word profit please ?
2006-11-28 08:03:03 · 11 answers · asked by julie_mccombe 1 in Education & Reference ➔ Words & Wordplay
It is the difference between what you spent and what you earned
2006-11-30 10:54:10 · answer #1 · answered by Kari 3 · 0⤊ 0⤋
Depends on whether you want an accounting definition or an economic definition because they're different. But basically profit is just what is left over when you deduct all your expenses or costs from your income.
2006-11-28 08:05:34 · answer #2 · answered by ladybird 3 · 0⤊ 0⤋
Profit mean how much you made after selling. Profit = Selling price - Cost of good you brought.
2006-11-28 09:08:37 · answer #3 · answered by codeworx7 3 · 0⤊ 0⤋
Profit is something know one ever has,as there is always somebody or some business that has a good go at taking it away. we are a nation of greed when we have more we want more.Profit is greed and unhappiness.
2006-11-28 08:30:11 · answer #4 · answered by Nikki J 1 · 0⤊ 0⤋
commercial meaning -it is any monetory gain obtained after a business transaction.
Social meaning - any benefit gained due to an activity undertaken, for example the use of better methods of waste disposal will lead to better health for everyone in the community
2006-11-28 08:46:27 · answer #5 · answered by Ayati 3 · 0⤊ 0⤋
Earning remaining after all other bills associated with an endeavor have been paid; this includes paying overhead.
2006-11-28 08:06:00 · answer #6 · answered by Local Celebrity 4 · 0⤊ 0⤋
total revenue - (fixed costs+Variable costs) = profit, i think
ther are also other types of profit such as net profit and stuff go on
http://www.bbc.co.uk/schools/gcsebitesize/business/finance/
it might help,
2006-11-28 08:14:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
when your income is higher than costs that going out
2006-11-29 07:02:16 · answer #8 · answered by ♥♥♥ 5 · 0⤊ 0⤋
Income more than expenditure.
2006-11-28 08:05:02 · answer #9 · answered by Halox 3 · 1⤊ 0⤋
to reap more than you sew
2006-11-28 08:06:02 · answer #10 · answered by ticketoride04 5 · 0⤊ 0⤋