Basic Details
Word: Profit
Part of Speech: Noun
Meaning: The money you earn after all your expenses are paid.
Synonyms: Earnings, income, gain
Antonyms: Loss, deficit
Idioms and Phrases
- In it for the profit: Doing something primarily for financial gain. Example: "He started his own business because he was in it for the profit."
- Profit from: To gain an advantage or benefit from something. Example: "She was able to profit from her investment in the stock market."
Usage Examples
Example 1: The small bakery was able to make a profit after a successful first year in business.
Example 2: By cutting costs, the company was able to increase its overall profit margin.
Example 3: The charity event helped to raise a profit that would be used for community projects.
Fun Fact
Did you know that the word "profit" comes from the Old French word "profit," meaning "advantage," which in turn originated from the Latin word "proficere," meaning "to advance or make progress"?
Famous Quote
"The profit of the whole is greater than that of the individual." Anonymous
Multiple Choice Questions (MCQs)
1. What does "profit" mean?
a) An amount of water
b) The money earned after expenses
c) A type of fruit
d) A form of exercise
Answer: b) The money earned after expenses
2. Which of these is a synonym of "profit"?
a) Deficit
b) Earnings
c) Waste
d) Expense
Answer: b) Earnings
3. Which of the following is an antonym of "profit"?
a) Gain
b) Loss
c) Income
d) Revenue
Answer: b) Loss
4. Which sentence uses "profit" correctly?
a) The profit on the cake was delicious.
b) They made a good profit by selling lemonade.
c) The profit danced happily.
d) The profit jumped over the fence.
Answer: b) They made a good profit by selling lemonade.
5. What does "in it for the profit" mean?
a) Doing something for fun
b) Doing something for financial gain
c) Doing something to help others
d) Doing something without a plan
Answer: b) Doing something for financial gain
