UK Accounting Glossary
Profit, seen as the ‘margin’ between revenue and expense.
The percentage of the selling price that will be profit, generally calculated as percentages. It helps measure how much the company keeps in earnings. For example, a 30% profit margin means the company has a net income of £0.30 for each pound of total revenue earned.
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This glossary post was last updated: 23rd December 2018.