Profit = What you earn - What you spend!
Simple Example
- Sold lemonade: Rs. 500
- Cost of supplies: Rs. 200
- Profit: Rs. 300!
Key Terms
- Revenue: Money coming in
- Expenses: Money going out
- Profit: What's left over
Essentials•April 2, 2026•4 min read
Understanding Profit and Loss
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Gollak Team
Family Finance Experts
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