Search results
noun. Often profits. pecuniary gain resulting from the employment of capital in any transaction. Compare gross profit, net profit. the ratio of such pecuniary gain to the amount of capital invested. returns, proceeds, or revenue, as from property or investments. Synonyms: return. Antonyms: loss.
Jun 24, 2022 · Profit margin is the percentage of revenue (income from sales) your business keeps as profit. It is one of the most common metrics used in accounting to determine your...
Apr 5, 2023 · Profit is the amount of income that remains after accounting for all expenses, debts, additional income streams, and operating costs. While revenue and profit both refer to money a...
noun [ C/U ] us / ˈprɑf·ɪt / Add to word list. money that a business earns above what it costs to produce and sell goods and services: [ U ] Any profit made on the sale is taxable. [ C ] A lot of businesses are reaping huge profits. Profit can also mean benefit: [ U ] He could see little profit in arguing with them. profit. verb [ I/T ]
Apr 19, 2024 · Profit is the difference between the price and cost when talking about one item. When dealing with higher volumes of items, total profit is the difference between revenue and total cost. Generally speaking, profit is the incentive behind the majority of business transactions.
Types of Profit. There are three common measures of profit: 1. Gross Profit. Gross profit is the value that remains after the cost of sales, or cost of goods sold (COGS), has been deducted from sales revenue. This is typically the first sub-total on the income statement for most businesses. 2. Operating Profit
Jan 22, 2024 · Fact checked by. Katrina Munichiello. What Is Profit Margin? Profit margin is a common measure of the degree to which a company or a particular business activity makes...
