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What is Profit?
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Answer / sredhar s
In simple terms profit is the diffeence between sales and
cost incurrred by the organisation.
Profit = Sales or turnover - Cost or expenses
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / raju malode rnr
Income over expenditure and profit means it take its own
meaning depending upon the situation means Gross Profit and
Net Profit. Gross Profit=(Purchase+direct exps)-
(sales+closing stock), Net Profit=(Indirect Expenses)-
(Indirect Income).
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / rajesh
profit means revenue over expenditure is called profit
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sunil
There are two type of profit. One is net profit and second
is Gross profit. Net profit means Indirect expenses
(administrative Expenses)over the Indirect Income.
Gross Profit means (Purchases+direct expenses)- (Closing
stock+ net sales.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / srinivas annavarapu
Profit is a measure of success of a business.
Total Income / revenue - total expenditure = Profit
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / abhay
PROFIT means revenue is greater than expenditure. When we
deduct cost of goode sold from sales we get gross profit +
indirect income - indirect expenses = netprofit.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / srihari.p
In simple term 'excess of totalrevenue over the total
expenditure is called profit.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abhishek dhoot
Profit is the difference between the income of the business
and all its costs/expenses. It is normally measured over a
period of time.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sumitra.raghavan
profit is excess of revenue over expense
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kamal
in general the profit means sales is more than the cost of products.
profit= sales - cost of product.
| Is This Answer Correct ? | 0 Yes | 0 No |
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