Profit

Formal

Variously described as the excess of revenues over cost, income over expenditure, or gains in excess of losses. Gross Profit is the first stage profit arising from manufacture or trading before every other expense or cost is deducted. Net Profit - is the profit after all charges.

Real-world Example

A business brings in $1M in revenue and spends $850k on costs - a profit of $150k, the amount left over once everything has been paid for.