What is the amount of money received after deducting all project costs?

Profit refers to the amount of money that remains after all project costs have been deducted from the total revenue generated by the project. It is a key financial metric that indicates the financial health and efficiency of a business or project.

Calculating profit involves subtracting all relevant expenses—including operational costs, direct costs, and indirect costs—from total revenue. This means that profit reflects the actual earnings attributable to the business after accounting for all expenditures necessary to sustain operations.

The other terms relate to financial metrics but differ in meaning. Revenue is the total income generated before any costs are deducted. Net income is similar to profit but often implies a more thorough consideration of other financial items like taxes and interest, while gross income refers specifically to revenue minus the cost of goods sold, not accounting for other expenses. Understanding the distinction between these terms is crucial in financial analysis and business management.