What does profit mean?

Question

can somebody explain it? like, in simple words

help!

Answer 1

The official accounting equation: Revenue(Sales) minus Expenses = Net Income which is the same for Profit.

Answer 2

It is the total money you bring in minus your expenses.  The left over is your Profit.

Answer 3

It means the difference between the selling price and the buying price.Eg: If u buy a pen for Rs. 5 and sold it for Rs.10 then profit is Rs.5

Answer 4

Profit is simply costs subtracted away from revenue.

Answer 5

It means the money left over after a business pays off all it's debts.

Answer 6

Depends on the aspect of it.  In General, it means anything you gain form a venture or act.

Answer 7

you buy an apple for 5$ and you sell it for 10$ so you get 5$ profit