Question

The amount left from you net income after your fixed expenses have been paid.

Answer 1

The profit is the amount left from you net income after your fixed expenses have been paid.

The amount earned by an individual or corporation after costs, allowances, and taxes is referred to as net income. Net income in company is what remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Profit is a financial gain, specifically the sum obtained over that which was used to acquire, maintain, or produce the good or service.

Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.

Hence the profit is the amount left from you net income after your fixed expenses have been paid.

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