Start networking and exchanging professional insights

Register now or log in to join your professional community.

Bahaa Al Mahdy
by Bahaa Al Mahdy , Financial Controller , Qatari Diar – Saudi Bin Ladin Group (QD-SBG Construction)

Abnormal profit is a profit of a firm over and above what provides its owners with a normal (market equilibrium) return to capital.

MUHAMMED SHIBILI T SHIBILI T
by MUHAMMED SHIBILI T SHIBILI T , ACCOUNTANT , EXCEL MARBLES INDIA PVT LTD

In economicsabnormal profit, also called excess profitsupernormal profit or pure profit, is "profit of a firm over and above what provides its owners with a normal (market equilibrium) return to capital." Normal profit (return) in turn is defined as opportunity cost of the owner's resources.

abdulazziz Morsi
by abdulazziz Morsi , Customer Service Director , Egypt National Post

this depend on the business nature, industry type i.e. we have more than one situations to have such incident each are due to diffirent causes 

An abnormal profit exceeds the normal opportunity for profitderived from labor costs and capital and considered normalprofit

ASHFAQUE MUKRI
by ASHFAQUE MUKRI , Senior Accountant , Solution for Services and Health Care W.l.l

abnormal profit exceeds the normal opportunity for profitderived from labor costs and capital and considered normalprofitAbnormal profit in a business consists of monopoly and oligopoly profits. Also called supernormal profit, pureprofit and excess profit.

Nushan Hamsa
by Nushan Hamsa , General Accountant , Group of Company ( Hutchinson Telecom, NCP limited,Expedia Business Centre)

Abnormal profit are Profits generated in a long run process where the total or marginal cost of production tends to reduce or much lower when compared to Average Revenue.

Salah Al Din Rahmeh
by Salah Al Din Rahmeh , Senior General Ledger & Payroll Accountant, IA-CMA,ERP,Oracle , Confedintial

when total revenue > total cost

 that called abnormal profit

Maheeshan Anjula
by Maheeshan Anjula , Audit Senior , Jayasinghe & Company

When Actual profit is higher than the expected profit it is called abnornal profit

Ziad Jehayem, CMA
by Ziad Jehayem, CMA , Financial analyst , SGBL BANK

Abnormal Profit is earned when total revenue is greater than the total costs. 

Opurozor Nkiruka
by Opurozor Nkiruka , Sales Executive , Chronotech Nig.Company Ltd

Abnormal Profit can be said to be a profit exceeding the normal profit.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.