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WHAT IS A PROFIT?

Definition of profit:

Profit is a valuable return or gain. It is 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. It can also be called a net income usually for a given period of time. Any profits earned in a business funnel back to business owners, who choose to either pocket the cash or reinvest it back into the business.

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