Suppose that on October 24 you buy 11 March gold futures con…

Suppose that on October 24 you buy 11 March gold futures contracts for $290 per ounce.At 11:00 am on October 25 you buy 8 more contracts for $281.0 ounce. At the close oftrading on October 25, gold futures settle for $290.5 ounce. If the contract size is 100ounces and the initial margin equals 2900, how much do you gain or lose as of the close?