Work and business / B2

PROF-it/ˈprɒfɪt/

Profit is money left after costs: make a profit; profit margins. Turnover is total sales; revenue is income (already in the dictionary). Do not report turnover as profit. Verb: profit from. Loss is the opposite. Mix-up: prophet is a religious messenger.

Meaning

Money gained from a business after costs are paid.

Examples

• “Do not report turnover as profit in the accounts question.”
• “They profited from the shortage, which is the verb sense.”

Good to know

make / report a profit; profit from. Contrast: turnover / revenue. Opposite: loss. Trap: prophet. Accounts papers. What is left after costs.

Topics

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