profit

[ˈprɒfɪt]

profit Definition

• 1. a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
• 2. advantage; benefit

Using profit: Examples

Take a moment to familiarize yourself with how "profit" can be used in various situations through the following examples!

• Example

  The company made a profit of $1 million this year.

• Example

  I hope to turn a profit with my new business venture.

• Example

  The sale of the house resulted in a profit for the owner.

• Example

  The charity event raised a significant profit for the cause.

profit Synonyms and Antonyms

Synonyms for profit

• gain
• return
• revenue
• benefit
• earnings

Antonyms for profit

• loss
• deficit

Idioms Using profit

• no profit, no loss

  a situation where there is neither a profit nor a loss, indicating that the expenses are equal to the revenue

  Example

  The business had a no profit, no loss year, with revenue equaling expenses.

• turn a profit

  to make a financial gain or profit

  Example

  The company was finally able to turn a profit after several years of losses.

• count the cost (or the profit)

  to consider the potential consequences or benefits of an action before taking it

  Example

  Before investing in the stock market, it's important to count the cost and weigh the potential profit against the risks involved.

Phrases with profit

• make a profit

  to earn more money than it costs to operate or produce something

  Example

  The business was able to make a profit in its first year.

• profit margin

  the percentage by which the selling price of a product exceeds its cost

  Example

  The company's profit margin has been steadily increasing over the past few years.

• non-profit organization

  an organization that uses its surplus revenues to achieve its goals rather than distributing them as profit or dividends

  Example

  The charity is a non-profit organization that helps provide education to underprivileged children.

Origins of profit

from Old French 'porfit', from Latin 'proficere', meaning 'to make progress, be useful'

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Summary: profit in Brief

The term 'profit' [ˈprɒfɪt] refers to the financial gain resulting from the difference between the amount earned and the amount spent in buying, operating, or producing something. It can also denote advantage or benefit. Examples include 'The company made a profit of $1 million this year.' and 'The charity event raised a significant profit for the cause.' Phrases like 'make a profit' and 'profit margin' are common, as well as idioms like 'no profit, no loss,' indicating equal expenses and revenue.