LookItUp

profit

Meaning in simple English

US /ˈprɑfɪt/ · UK /ˈprɒfɪt/

profit means: Money left after you subtract the cost of making or selling something from the money received.

noun

MONEY LEFT OVERB1

Money left after you subtract the cost of making or selling something from the money received.

  • The shop made a profit.
  • Higher costs reduced the company's profits.
  • How much profit did you make on that sale?

How to use it: a profit on something (We made a small profit on the sale.)

Similar words: earnings, net income

Opposites: loss

Common phrases: make a profit, net profit, profit margin, annual profit

verb

GAIN BENEFITB2

To gain money, help, or another advantage from something.

  • Both companies will profit from the deal.
  • She profited from her teacher's advice.
  • Who profits when house prices rise?

How to use it: profit from something (Students can profit from her experience.); profit by something (We should profit by the mistakes we made.)

Similar words: benefit, gain

Opposites: lose

Common phrases: profit from something, profit by something, profit financially

Learn profit while you read

LookItUp shows the meaning that fits your sentence, in your language, and turns new words into quick practice cards.

Coming soon on the App Store LookItUp app for iPhone and iPad

profit in other languages

More words