Answer:
4. the money left over after a business firm's total expenses are subtracted from its total revenues.
Explanation:
The profit could be in various ways
Like
Profit = Selling price - cost price
When the total revenues are deducted from the total expenses it is a profit or net income
In mathematically,
Net profit = Total revenues - total expenses
The profit is the amount which is come after deducting all the expenses and then subtracted from the total revenues
