Definition, Meaning & Synonyms
total profit
Noun
/ˈtoʊtəl ˈprɒfɪt/
Definition
Total profit refers to the total amount of money a company earns after subtracting all of its expenses from its total revenue.
Examples
- The company’s total profit for the year increased significantly compared to last year.
- By reducing costs, the business was able to maximize its total profit.
- The report showed a total profit of $1 million after all expenses were accounted for.
Meaning
It represents the financial gain of a business and is an important measure of its overall performance.
Synonyms
- net profit
- net income
- total earnings
- bottom line
