Properties of the shock relations for steady, irrotational, transonic flow are discussed and compared for the full and approximate governing potential in common use. Results from numerical experiments are presented to show that the use of proper finite difference schemes provide realistic solutions and do not introduce spurious shock waves. Analysis also shows that realistic drags can be computed from shock waves that occur in isentropic flow. In analogy to the Oswatitsch drag equation, which relates the drag to entropy production in shock waves, a formula is derived for isentropic flow that relates drag to the momentum gain through an isentropic shock. A more accurate formula for drag, based on entropy production, is also derived, and examples of wave drag evaluation based on these formulas are given and comparisons are made with experimental results.