<u><em>Answer:</em></u>
Each bottle should be sold for $0.9 or 90 cents
<u><em>Explanation:</em></u>
Assume that the price of each bottle is x
Now, we know that one crate holds 48 bottles of water
This means that the total money gained from selling the bottles will be $48x
We also know that the crate costs the concession stand $9.2 and that the concession stand wants to make a profit of $34
<u>The equation used to calculate the profit is:</u>
Profit = selling price - cost price
<u>In our problem, we have:</u>
Profit = $34
Selling price = money gained from water bottles = 48x
Cost price = cost of crate = $9.2
<u>Substitute with these values in the equation and solve for x as follows:</u>
Profit = selling price - cost price
34 = 48x - 9.2
48x = 34 + 9.2
48x = 43.2
x = $0.9 which is equivalent to 90 cents
<u>Based on the above:</u>
To be able to make a profit of $34, each bottle of water should be sold for $0.9 or 90 cents
Hope this helps :)