Is a profit something you earn off of?

..like stores that has food stamp, they get money out of it righ..a profitt?

Answer #1

Profit is the money you’ve made after subtracting your expenses. Example, if you sell a pair of home made earrings for $20, and it cost you $1 for the hooks and $4 for the beads, then your profit is $15.

You can go further, if you like. If they took you an hour to make and you thought your time was worth $10, then your real profit is $5.

So if you make and sell 100 of them, your profit would be $500.

When a store works out its profit, it has to factor in many things before it makes a profit - the cost of the building, the salaries of the staff,utilities, etc, and the cost of the goods.

Answer #2

If you Re-invest those profits you can potentially gain earnings (depending on their performance)

More Like This
Ask an advisor one-on-one!
Advisor

Best Apps To Earn Money

Finance, Technology, Entertainment

Advisor

Earn Online

Online Marketing, Freelancing, Passive Income

Advisor

Options Profits Daily

Financial Markets, Investing Strategies, Trading Education

Advisor

Stock Alerts PRO

Finance, Investing, Stock Market

Advisor

Roman & Associates

Tax Services, Accounting Services, Personal Financing Services