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What is the best definition of profit?

2 Answers

6 votes

profit is your gain on any problem,situation or opportunity given to you

answered
User Brent Edwards
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8.7k points
5 votes

Answer:

Excess currency after a series of deals or fees.

Step-by-step explanation:

Let's put profit in perspective by using an example. For example, let's say you spend 72 dollars to build a certain product, then you sell that same product to your friend for 116 dollars. It costed 72 dollars to build that product and you sold it for 116, after subtracting the costs for building the product the excess currency is what you would call profit. Profit is your overall goal when running a business, you want to sell a product and make profit from it.

Hope this helps.

answered
User ChargerIIC
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7.8k points

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