Solved: Compute total profit or loss at the end of the trading, Microeconomics

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Compute total profit or loss at the end of the trading

Question:

You are long 10 gold futures contracts, established at an initial price of $480 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $473, $479, $482, and $486 respectively. Compute the cash flows at the end of each trading day, and compute your total profit or loss at the end of the trading period.

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Microeconomics: Compute total profit or loss at the end of the trading

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Microeconomics: Compute total profit or loss at the end of the trading

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