High School Placement Test (HSPT) Practice Test

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Prepare for the High School Placement Test. Utilize resources with multiple-choice questions, detailed solutions, and expert tips. Ace your exam!

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Practice this question and more.

Profit means the opposite of:

Ratio
Gross
Net
Loss

The correct answer is: Loss

Profit refers to the amount of money a business earns after all expenses have been deducted from its total revenue. It represents a positive financial gain. On the other hand, loss indicates a situation where expenses exceed revenue, resulting in a negative financial outcome. Therefore, profit and loss are opposite concepts; profit signifies financial health and success, while loss indicates financial struggles. Understanding this distinction is crucial in financial contexts, where the goal is often to maximize profit and minimize loss. The other terms—ratio, gross, and net—do not inherently oppose the concept of profit; instead, they relate to different aspects of financial calculations or financial measures.