Profit - Sales Glossary - Upnify
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Profit


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.