What does it mean if a person makes a profit?

If more money is coming in than going out, that's a profit. Profit also means a benefit. For example, you could profit from playing baseball even if you made no money from it. Getting exercise and fun would profit anybody quite a bit.

What is a profit in sports?

A profit is an amount of money that you gain when you are paid more for something than it cost you. The bank made a huge profit. If you profit from something, you earn a profit from it. Athletes are accustomed to profiting handsomely from bonuses. Read about the team of authors behind Collins Dictionaries.

What is a profit type?

Each profit type gives analysts more information about a company's performance, especially when it's compared to other competitors and time periods. The word “profit” comes from the Latin noun profectus, meaning “progress,” and the verb proficere, meaning “to advance.”

What is a profit based company?

For accounting purposes, companies report gross profit, operating profit, and net profit (the "bottom line"). Profitable companies are attractive to investors as profits are either returned to shareholders as dividends or reinvested in the company, increasing stock value. What Does Profit Tell You?