What is the meaning of profit?

Answer 1

Revenue minus costs. That is, the amount of money you made, minus the money you spent to make it. So if you bought something for 8 dollars and sold it for 10 dollars, that'd be a 2 dollar profit.

Answer 2

like if u buy 1 phone for $50 and then sell it for $60 that means $10 is your profit!

most people use the word profit when they talk about businesses!

businesses need to buy there supplies from other places but then they sell the stuff they bought for just a bit more and the money they make back is a profit!

Answer 3

What something *could* be valued at, minus attention to reality. A "profitable summer" could mean a 3 month period in which the van didn't break down once (okay, there was that one time the tire went flat, but I still think that was the Wolfington brothers just screwin' around and not a real flat), you always had money for beer and you scored with lots of good looking chicks...sorry, I'm dating myself...scored with lots of hotties.

Man, that was a profitable summer!

Answer 4

Profit is the number difference between what you paid for an item and what you can make from selling it. If you buy a candy bar for 50 cents and sell it for $1. Your profit or what you made from the sell of the candy bar is 50 cents. Or if someone gives you an item for free and you sell it to someone else for $20. You just made $20 profit because you sold it for more then you got it for.

Answer 5

Say you buy something for $100 and you turn around and sell it for $200, you just made a profit of $100.

Answer 6

accounting profit= rev-cost

economic profit =

Answer 7

Revenue minus costs = profit
(all costs : labor , materials , facility rent , advertising , taxes , equipment , debt and % repayments etc)

Answer 8

anything above nad beyond the cost of operating and expanding