2. My Profitmag theme is updated to latest version, where can I see theme options?

Go to “Appearance >> Customize >> Theme Options”

3. Why theme options have been replaced by Customizer?

Theme Option (Settings API) have been replaced by Customizer (Customizer API) as theme options is no more supported by WordPress.

4. What happens to data saved in theme options of old version theme?

All data of theme options are automatically converted into customizer data. If anything is missed you can go to “Appearance >> Customize >> Theme Options” and save options as per your need.

5. My front page (Home Page) shows latest posts only. How can I make it like demo?

Create a blank page “Home”. Go to “Settings >> Reading” and select “A static Page” option, assign newly created blank ‘Home’ page under Front Page dropdown.

Following image will make more clear:

Reading Settings ‹ Profitmag — WordPress