In 2010, a company named Gamechangers reported a net profit of `73 thousand. In 2011,
the company had a profit of `74 thousand. In 2012, the profit was `75.6 thousand, however
in 2014 and 2015, due to negative feedback about their company, they incurred a loss of ` 14
thousand and ` 9.5 thousand respectively. What is their net profit by 2015
To calculate the net profit of the company by 2015, we need to consider the profit or loss for each year and add them up.
Here is the calculation step by step:
1. In 2010, the net profit was `73 thousand.
2. In 2011, the net profit was `74 thousand. To find the cumulative profit by the end of 2011, we add the profit from 2011 to the profit from 2010: `73 thousand + `74 thousand = `147 thousand.
3. In 2012, the net profit was `75.6 thousand. To find the cumulative profit by the end of 2012, we add the profit from 2012 to the cumulative profit from 2011: `147 thousand + `75.6 thousand = `222.6 thousand.
4. In 2014, the company incurred a loss of `14 thousand. To find the cumulative profit by the end of 2014, we subtract the loss from the cumulative profit from 2012: `222.6 thousand - `14 thousand = `208.6 thousand.
5. In 2015, the company incurred a loss of `9.5 thousand. To find the net profit by the end of 2015, we subtract this loss from the cumulative profit from 2014: `208.6 thousand - `9.5 thousand = `199.1 thousand.
Therefore, the net profit of the company by the end of 2015 was `199.1 thousand.
Please note that if the company experienced any additional profit or loss in the years not provided, those figures would need to be considered as well in the calculation.