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Profit

Noun, Verb
UK /ˈprɒf.ɪt/
US /ˈprɑː.fɪt/
Level: b1

Definition

(n) : Extra money earned after expenses, or a benefit/advantage.
(v) : To gain money or benefit from something.

Example

"(n) : The company made a profit after reducing costs and increasing sales."

"(n) : Regular exercise brings great profit to your health by improving strength, energy, and overall well-being."

"(v) : She profited from the training course by learning new skills that helped her earn a better job and higher pay."

Explanation

Profit is the extra money left after all costs and expenses are paid. For example, when a business sells goods or services, it spends money on materials, workers, and other needs. If the money earned is more than the money spent, the extra amount is called profit. It shows that a business is doing well. Profit can also mean any benefit or advantage gained from something, not only money. As a verb, it means to gain money or benefit from a situation, experience, or action.