Definition of profit

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TeachMeFinance.com - explain profit



profit -- the excess of income over all costs and expenses.

historic definition...

Profit -- Excess of receipts over expenditures. Gross profit is the remainder after deduction of first cost; net profit is the remainder after deduction of cost and all charges (as interest or wages, etc.).



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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