Certainly! Let's walk through the steps to determine the loss on the 100 shares of Delta Air Lines, Incorporated stock.
### Step-by-Step Solution:
1. Determine the number of shares bought:
- The problem states 100 shares were bought.
2. Identify the buying price per share:
- The shares were bought at [tex]$57.97 each.
3. Identify the selling price per share:
- The shares were sold at $[/tex]54 each.
4. Calculate the loss per share:
- To find the loss per share, subtract the selling price from the buying price.
[tex]\[
\text{Loss per share} = \text{Buy price} - \text{Sell price}
\][/tex]
Plugging in the values:
[tex]\[
\text{Loss per share} = \$57.97 - \$54 = \$3.97
\][/tex]
5. Calculate the total loss:
- To find the total loss, multiply the loss per share by the number of shares.
[tex]\[
\text{Total loss} = \text{Loss per share} \times \text{Number of shares}
\][/tex]
Plugging in the values:
[tex]\[
\text{Total loss} = \$3.97 \times 100 = \$397
\][/tex]
### Conclusion:
- Loss per share: [tex]$3.97
- Total loss: $[/tex]397
So, the total loss for selling 100 shares at [tex]$54 each, which were initially bought at $[/tex]57.97 each, is $397.
