Profit

Profit means:
the positive difference that results from selling products and services for more than the cost of producing the goods. Broadly, the excess of revenue over expenditure.

See also other Tax Terms and Definitions in U.S.A.

net income; contrast with the entry loss.

Description and Definition of Profit

Total revenue less expenses.

Resources

See Also

Further Reading

• Profit in the West's Tax Law Dictionary
• Profit in “A Dictionary of Taxation”