Answer
Find out the how much did each student recieve .
To prove
Let us assume that each student earned in the bake sell be x .
As given
Three students earned $48.76 at the bake sell.
The students split the earnings evenly i.e earning is divided into three equal parts .
Than the equation becomes

Solving the above
x = $16.25(approx)
Therefore the each student recieve $16.25(approx) .
Hence proved