Difference between profit and revenue

Answer 1

Revenue is the income that a business receives, total revenue would be formulated by price times quantity

However business occurs expenses along with the sales, therefore to calculate the net effect of the income that business receives, we use profit which is essentially the revenue minus expenses/costs incurred

Answer 2

Revenue is the total income of an entity from its products. It does not take into account expenses and cash outflow. Whereas Profit is the revenue or income over aand above the cost involved in the production. Profit is that money that a firm retains after all expenses have been paid and accounts have been settled.

Symbolically,

Total Revenue = Price x Quantity

Profit = Total Revenue - Total Cost.

Answer 3

Profit is the difference between the amount earned and the amount spend in buying, operating or producing something to gain a financial benefit.

Yield is to produce or provide especially in agricultural or industrial sector.

It is also the full amount of agricultural or industrial product.

Answer 4

Profit means actually money left over after expenses and costs. Profitability is a calculation that predicts the ability of a business to turn a profit.