Profit is the profit obtained by a person or company through an economic, commercial or productive process.
It is calculated as follows:
Profit= Total sales – Total Expenses
Formula Average Cost in which:
Total income: It is the money generated through the sale of products or services.
Total costs: Production, material and tax expenses.
This term can also be defined as the profit generated after the purchase of a product or service, when the price in the market is higher than when it was acquired.
The Sales Glossary is a compendium of all the most commonly used terminology in sales strategy. Many of the concepts listed here are used when implementing a CRM system or a digital sales funnel, no matter if they are legacy systems or an online CRM. See also our blog that deals with sales techniques, marketing and sales culture.