The system is a little less than 75% efficient. Not bad if you could manage when you purchased and sold the power. You may even make money, maybe.
You most certainly can make good money.
On the wholesale market, electricity is priced based on the immediate demand. The price range is huge. You don't need to be very efficient to make money by storing energy off-peak and selling it back on-peak.
Right now the killer app for battery storage is to stabilize the grid during brief transients. You don't need to have enough storage to replace solar for an entire cloudy day. Having standby power ready to go on-line for just a few moments during certain times can be extremely profitable.