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What is the best definition of profit?

Profit is the possible income from producing an additional item.
Profit is the price of producing one additional unit of a good.
Profit is the additional income gained from selling an additional good.
Profit is the financial gain from business activity minus expenses.

Respuesta :

D. Profit is the financial gain from business activity minus expenses.

ayfat23
  • The best definition of profit is the financial gain from business activity minus expenses.

  • Profit can be regarded as the financial benefit which is been  realized from the business when the expenses, tax  as well as  costs involved in sustaining the business is less than revenue.

  • Any profits that is been earned by the  business owners can be reinvested back or spend out.

  • Profit can be calculated by subtraction of total expenses from  total revenue

Broadly, Types of profit are; gross profit, Net profit, operating profit

Therefore, the best option is a option D which is  profit is the financial gain from business activity minus expenses.

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