An investor has bought 6 contracts of gold at the price of $1880 per ounce. Each contract refers to 100 ounces. If the price at maturity is $1820/ounce find the profit /loss of the investor. Solve and choose one of the following:

a. 100 X (1820-1880) = loss $6000

b. 1820-1880 = loss $60

c. 600 X (-60) = loss $ 36000

d. 600 X 60 = profit $36000