Meaning & Definition of word "Profit"

Profit

/ˈprɒfɪt/

1. A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
- Example: The company's profit tripled after they launched their new product line.
2. The advantage or benefit gained from an action or decision.
- Example: She realized the real profit of her hard work was the experience she gained.
3. The surplus remaining after total costs are deducted from total revenue.
- Example: Investors are primarily interested in the profit margins of their portfolios.

1. To gain a financial advantage or benefit from a transaction.
- Example: They hope to profit from their investment in real estate.
2. To derive advantage or benefit from something.
- Example: The students profited from the mentorship program by improving their skills.

●Middle English, from Old French 'profit', from Latin 'profitum', meaning 'advantage, benefit'.

profit margin:

The difference between the cost of producing something and the price at which it is sold.

profit-sharing:

A system where employees receive a share of the profits of the company.

to turn a profit:

To begin making money from a business or investment.

loss:

The amount of money lost in business transactions.

revenue:

The total income generated from business activities.

margin:

The difference between the cost and the selling price.

Meaning: To cash in

● Example Sentence: They decided to cash in on the property market.

Meaning: Making bank

● Example Sentence: That investment is really making bank for me.