futures contracts profit/loss

[RoccoLee]

For example, long the futures contracts.
number of futures contracts = 100
multiplier = 5
purchase price = 20
settled price = 30
The profit = (30-20)*100*5=5000? Is it right?
Do we need to also multiply the multipler 5 for calculating the profit?

 

[S2000magician]

To calculate the profit in dollars (or euro or yen or pounds or whatever currency), yes.

 

[RoccoLee]

S2000magician wrote:
To calculate the profit in dollars (or euro or yen or pounds or whatever currency), yes.

No matter what currency, the answer should be YES, right?

 

[S2000magician]

Yup.