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profit (n.)

mid-13c., "income;" c. 1300, "benefit, advantage;"from Old French prufit, porfit "profit, gain" (mid-12c.), from Latin profectus "profit, advance, increase, success, progress," noun use of past participle of proficere "accomplish, make progress; be useful, do good; have success, profit," from pro "forward" (from PIE root *per- (1) "forward") + combining form of facere "to make, do" (from PIE root *dhe- "to set, put"). As the opposite of loss, it replaced Old English gewinn. Profit margin attested from 1853.

profit (v.)

early 14c., "to advance, benefit, gain," from profit (n.) and from Old French prufiter, porfiter "to benefit," from prufit (see profit (n.)). Related: Profited; profiting.

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Definitions of profit from WordNet
1
profit (v.)
derive a benefit from;
She profited from his vast experience
Synonyms: gain / benefit
profit (v.)
make a profit; gain money or materially;
The company has not profited from the merger
Synonyms: turn a profit
2
profit (n.)
the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses);
Synonyms: net income / net / net profit / lucre / profits / earnings
profit (n.)
the advantageous quality of being beneficial;
Synonyms: gain
From wordnet.princeton.edu