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profit (n.)

mid-13c., "income derived from an office, property, transaction, etc.;" c. 1300, "benefit, spiritual benefit, advantage;" from Old French prufit, porfit "profit, gain" (mid-12c.), from Latin profectus "growth, advance, increase, success, progress," noun use of past participle of proficere "accomplish, make progress; be useful, do good; have success, profit," from pro "forward" (from PIE root *per- (1) "forward") + combining form of facere "to make, do" (from PIE root *dhe- "to set, put"). An Old English word "gain, profit" was gewinn.

From mid-14c. as "use, usefulness." The specific sense of "the advantage or gain resulting to the owner of capita; from its employment in any undertaking, acquisition beyond expenditure" is from c. 1600. Profit margin "what remains when costs involved are deducted from profit" is attested from 1853. Profit-sharing is by 1881.

As used in political economy, profit means what is left of the product of industry after deducting the wages, the price of raw materials, and the rent paid in the production, and is considered as being composed of three parts — interest, risk or insurance, and wages of superintendence. [Century Dictionary]

profit (v.)

early 14c., profilen (transitive), "to advance, benefit, gain," from profit (n.) and from Old French prufiter, porfiter "to benefit," from prufit. From mid-14c. as "be helpful or useful, do good." Intransitive sense of "gain in a material sense, derive profit or benefit" is from c. 1400. Related: Profited; profiting.

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Definitions of profit
1
profit (v.)
derive a benefit from;
She profited from his vast experience
Synonyms: gain / benefit
profit (v.)
make a profit; gain money or materially;
The company has not profited from the merger
Synonyms: turn a profit
2
profit (n.)
the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses);
Synonyms: net income / net / net profit / lucre / profits / earnings
profit (n.)
the advantageous quality of being beneficial;
Synonyms: gain
From wordnet.princeton.edu