Question

What is a profit?

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Can someone explain to me as simple as possible? I get it's a financial gain, but I need more explanation.

Answer 1

Profit is financial gain, but it is also usually the total amount earned or collected through self input, it could be referred to the total income, and it is also linked to the rate of income.

Answer 2

Profit is the amount of money gained by someone or a business after the total costs are taken away from the revenue

profit = total revenue - total costs

it is the surplus left from revenue after taking away all costs