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Profit

Profit, a term often used in finance, refers to the amount remaining for business owners after expenses have been deducted from revenues. Gross profit, on the other hand, is the profit before corporate income taxes. It is important to note that net profit, the final profit of a business, comes after taxes have been paid. As a knowledgeable professor, it is crucial to understand these terms and their implications in the world of finance.
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A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
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