Final answer:
Profits can be compared to the interest on a savings account by calculating the ROI for both. ROI is calculated by dividing profit by investment and multiplying by 100. By comparing the ROI percentage to the interest rate, you can determine which investment provides a better return.
Step-by-step explanation:
Profits can be calculated by subtracting the total costs from the total revenue. To compare profits to the interest on a savings account, you would need to calculate the percentage return on investment (ROI) for both the profits and the savings account. For example, if a business made a profit of $10,000 on an investment of $100,000, the ROI would be calculated by dividing the profit ($10,000) by the investment ($100,000) and multiplying by 100 to get a percentage (10% ROI). This ROI percentage can then be compared to the interest rate offered by the savings account to determine which provides a better return.
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