The Complete Vocabulary Builder Workbook by BETTER WORDS R. B. Skinner

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profit

noun

/ˈprɒf ɪt/

IPA:

Dictionary definition of profit

The financial gain or benefit that is obtained from a business venture, investment, or commercial activity after deducting all expenses, costs, and taxes.
"The company reported a significant increase in profit this quarter."

Detailed meaning of profit

It represents the positive difference between the revenue generated and the total expenses incurred, serving as a measure of financial success or gain. Profit is a key indicator of the viability and profitability of a business or endeavor, as it reflects the ability to generate income that exceeds the costs involved. It is essential for sustaining and growing businesses, as it enables reinvestment, expansion, and the provision of returns to stakeholders. Profit can take various forms, such as operating profit, net profit, gross profit, or profit margins, depending on the specific calculations and accounting methods used. It is a fundamental concept in economics and finance, influencing decision-making, investment strategies, and resource allocation. Profit serves as a motivator for entrepreneurs and investors, driving innovation, risk-taking, and the pursuit of opportunities for financial gain.

Example sentences containing profit

1. The entrepreneur's goal was to maximize profit while maintaining high product quality.
2. The non-profit organization focuses on social impact rather than financial profit.
3. The small business owner reinvested a portion of the profit into expanding the company.
4. The stock market investment resulted in a substantial profit for the investor.
5. The company's profit margin exceeded industry standards.
6. The business decided to lower prices to attract more customers and increase profit.

History and etymology of profit

The noun 'profit' has its etymological origins in the Old French word 'prufit,' which was derived from the Latin word 'proficere.' In Latin, 'proficere' means 'to make progress' or 'to advance.' As this concept transitioned into Old French and later into Middle English, 'prufit' and then 'profit,' it took on a financial meaning, signifying the monetary gain or benefit that results from a business venture, investment, or commercial activity after deducting all expenses, costs, and taxes. The etymology of 'profit' underscores its historical association with the idea of making progress and financial gain, emphasizing its role in describing the positive returns or rewards obtained from economic endeavors and successful enterprises.

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Further usage examples of profit

1. The accountant analyzed the financial statements to assess the company's profit growth.
2. The retailer offered a special discount to boost sales and drive profit.
3. The charity auction raised a considerable amount of profit for the cause.
4. The company's profit and loss statement revealed a decline in overall profitability.
5. The investor carefully evaluated the risk and potential profit before making a decision.
6. The company's quarterly profit exceeded expectations.
7. Investors eagerly awaited news of the year-end profit.
8. Cutting expenses helped boost the annual profit.
9. Nonprofits aim to make a positive impact, not profit.
10. Shareholders are pleased with the rising profit margin.
11. Economic downturns can affect a company's profit.
12. Charity events can generate unexpected profit.
13. Expanding overseas markets can lead to higher profit.
14. The restaurant struggled to turn a profit this year.
15. Startups often prioritize growth over immediate profit.
16. Entrepreneurs must manage risk to maximize profit.
17. Government policies can impact corporate profit.
18. Small businesses need to carefully track profit.
19. The retailer offered a discount to boost profit.
20. Sustainability practices can enhance long-term profit.
21. Shareholders expect a return on their investment in profit.
22. High taxes can eat into a company's profit margin.
23. Business decisions should align with profit goals.
24. The tech industry is known for its rapid profit growth.
25. The nonprofit organization relies on donor support.