Business GCSE
Profit
What Profit means in Business GCSE, as defined for OCR.
Definitions of Profit
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
The financial surplus remaining after all total costs have been deducted from total revenue.
Total revenue minus total costs over a given period.
Topics that use Profit
- Business aims and objectives (OCR GCSE)
- Cash and cash flow (OCR GCSE)
Related terms
Using Profit in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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