Profit | more ... |
Income less all expenses. Example: Sam's Cafe received $600 yesterday, but expenses such as wages, food and electricity came to $450. So the Profit was $600 - $450 = $150. But if the income is LESS than expenses it is called a "Loss". Example: Two days ago Sam's Cafe received $380, but expenses were $420. $380 - $420 = -$40, which is a $40 Loss | |