Definition of profit
(Entry 1 of 2)
1
: a valuable return : gain
2
: the excess of returns over expenditure in a transaction or series of transactions
especially
: the excess of the selling price of goods over their cost
3
: net income usually for a given period of time
4
: the ratio of profit for a given year to the amount of capital invested or to the value of sales
5
: the compensation accruing to entrepreneurs for the assumption of risk in business enterprise as distinguished from wages or rent
profit
verb
profited; profiting; profits
Definition of profit (Entry 2 of 2)
: to be of service to : benefit
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The Exceptions Quiz III
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Merriam-Webster unabridged
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The first known use of profit was in the 14th century
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