← Money Words
Profit
What’s left when you sell something for more than it cost you.
Three ways to explain it
Hatchlings · Ages 5–6
If you make something for 50p and sell it for £1, the extra 50p is your profit.
Fledglings · Ages 7–8
The money left over after you’ve paid for everything it took to make or buy the thing you sold.
High Flyers · Ages 9–10
What remains once every cost has been paid. It’s the number that decides whether a business can keep going — and it’s very different from how much money came in.
Where to go next
Read the whole topic: Earning It.