Profit facts for kids

Kids Encyclopedia Facts

Profit is how much money somebody (normally a company) makes. This is found by subtracting how much money they have spent (expenditure) from how much money they have brought in (revenue).

An example

If John spends $15 on some ice cream cones, and then sells them for $20, he has made a profit of $5. This is because 20 minus 15 is 5.

Profit Facts for Kids. Kiddle Encyclopedia.