👉 Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.
Alright class, settle down, let’s take a look! Today we’re tackling the word “profit,” it's quite a treat, Let's break it down, make its meaning complete. The dictionary gives us a helpful clue, “Total income minus expenditures,” that’s true! Think of it like this: you sell lemonade bright, You earn some money, shining with delight. Then you buy lemons and sugar too, Those are your "expenditures," it's plain to view. The difference between what you earned and spent – That’s the “profit,” a happy sentiment! And for organizations like charities grand, They receive money from folks across the land. When they offer services, a helpful hand, That income is profit, understand? It's the benefit they get when goods are sold, At prices advertised, stories to be told. So remember this, it’s all about the gain, Profit means success, again and again! Do you have any questions, class? Let’s discuss with glee, Understanding profit is key for you and me!
