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What is 'Profit' Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxe
by CalChris 9y ago
What is 'Profit'
Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.
https://www.investopedia.com/terms/p/profit.asp https://www.investopedia.com/terms/p/profit.asp