What are the role of profit in business? March 30, 2016 By Short Questions › Category: Commerce & Business Questions › What are the role of profit in business? 0 Vote Up Vote Down Salman Qureshi Staff asked 9 years ago 1 Answers 0 Vote Up Vote Down Salman Qureshi Staff answered 9 years ago Profit is a a source of income and is a mean of livelihood for the owner of business . Profit helps in increasing the volume of business. It also acts as an index of performance. It helps to gain goodwill in business circles.