What does profit mean?

returns, proceeds, or revenue, as from property or investments. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit. advantage; benefit; gain. to gain an advantage or benefit: He profited greatly from his schooling. to make a profit.

What is operating profit?

Operating profit removes operating expenses like overhead and other indirect costs as well as accounting costs like depreciation and amortization. It is sometimes referred to as earnings before interest and taxes, or EBIT . Operating Profit = Revenue - Cost of Goods Sold (COGS) - Operating Expenses - Depreciation & Amortization

What is gross profit?

Gross Profit Gross profit is the value that remains after the cost of sales, or cost of goods sold (COGS), has been deducted from sales revenue. This is typically the first sub-total on the income statement for most businesses. 2.

What is a profit in sports?

A profit is an amount of money that you gain when you are paid more for something than it cost you. The bank made a huge profit. If you profit from something, you earn a profit from it. Athletes are accustomed to profiting handsomely from bonuses. Read about the team of authors behind Collins Dictionaries.