profits Definition
- 1financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
- 2advantage or benefit gained from something
Using profits: Examples
Take a moment to familiarize yourself with how "profits" can be used in various situations through the following examples!
Example
The company's profits have increased by 20% this year.
Example
The profits from the sale of the house were split between the siblings.
Example
He made a huge profit on the sale of his stocks.
Example
The new policy is expected to boost profits for the company.
profits Synonyms and Antonyms
Idioms Using profits
Example
The business struggled for years before finally turning a profit.
Example
Starting a business is not easy, but no pain, no gain.
Example
Many companies are profiting from the current economic situation.
Phrases with profits
gross profit
the total amount of money made from sales minus the cost of goods sold
Example
The company's gross profit margin has been declining over the past few quarters.
Example
The net profit for the quarter was lower than expected due to increased operating costs.
Example
The company's profit margin has been steadily increasing over the past year.
Summary: profits in Brief
The term 'profits' [ˈprɒfɪts] refers to financial gain, often measured as the difference between earnings and expenses. It can also denote benefits or advantages gained from something. Examples include 'The company's profits have increased by 20% this year.' and 'The new policy is expected to boost profits for the company.' Phrases like 'gross profit' and 'profit margin' refer to specific calculations, while idioms like 'to turn a profit' and 'to profit from something' indicate making gains or benefits.