Definition, Meaning & Synonyms
profit
noun
/ˈprɒfɪt/
Definition
A financial gain, especially the difference between the amount earned and the amount spent.
Examples
- The company reported a profit of $1 million this quarter.
- After selling the old equipment, he made a nice profit.
- The profit margins in this industry have been increasing.
Meaning
Profit refers to the surplus remaining after all costs and expenses have been deducted from total revenue. It indicates the earnings generated by a business or individual.
Synonyms
- earnings
- gain
- revenue
- benefit
- return
