Earning a profit is fundamentally good and provides opportunity to glorify God. But it also provides many temptations that we must not give in to.
Profit is selling a product for more than the cost of producing it. Profit is an indication that something is made that is useful to another. This is doing good for others which glorifies God.
Profit can also indicate that resources are used more efficiently. When costs are lowers then profit can be higher. Two bakers can spend the same amount on resources to make bread but one might make more money through less waste. This is part of obeying God's creation mandate. Luke 19:11-27 contains the parable of the minas. For the parable to make sense the notion of profit and expansion has be to understood. It is fundamentally good. The parable of the talents carries the same idea. Proverbs 31 presents the same idea in the ideal wife.
Why should someone charge $2 for something that it cost $1 to produce? You're not just paying for the cost of the resources, but the cost of labor, education, organization, etc. Some are will to take risk in ventures while others are not. That cost must be taken into account as well. If profit were not allowed, people would not take risks in starting a business and we'd have less good to choose from.
Profit is wrong when you cheat another person as you take advantage of their lack of knowledge or situation. Monopolizing so you can charge exorbitant amounts is wrong. This is a distortion of something good.
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