Definition: The excess revenue that is left after expenses and taxes have been paid is the profit.
The word profit comes from the Latin word, proficere, which means to make progress. In the retail industry, this "progress" is the accumulation of surplus cash.
Also Known As: income, net income, net revenue, monetary gain, economic gain, operating profit, net cash flow
Common Misspellings: prophet, profitt, prophit, profet, profut
Examples: By focusing on their unique selling proposition, many retailers are still able to profit during an economic slump.
