Hello!Сould you help me, please? What the difference between words "profit" and "income"?
Have you looked at a dictionary for the meanings? If so, and you still are having problems understanding the difference - "income" is money that a person, company, or, organization makes; money which comes in. "profit" is that amount of money which is left after all expenses are paid. For example say that a company sells a bottle of vanilla. The company has an income of $11.00 from the sale of the vanilla. The vanilla costs the company $3.00. From the income ($11.00), the company makes a gross profit of $8.00.