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Raise the Price or Cut the Cost? is a free printable Grade 3 to Grade 5 social studies worksheet on how a change in price or cost changes a seller's profit, aligned to C3 Framework indicator D2.Eco.7.3-5. It prints 8 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

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Set 1 has all 25 in a single PDF. All 25 sets ask different questions.

Raise the Price or Cut the Cost?

D2.Eco.7.3-5

NameDate

Choose the best answer. For math problems, choose the work that gives the right answer.

1.A stand cuts its price from $2 to $1 a cup, and sells 30 cups instead of 12. How much does it take in at each price?
  • A.30 × $2 = $60
  • B.12 × $2 = $24; 30 × $1 = $30
  • C.12 × $2 = $24 at both prices
2.The price of lemons goes up, but a stand keeps its lemonade at the same price. What happens to its profit?
  • A.Profit stays exactly the same
  • B.Profit goes down
  • C.Profit goes up
3.A stand sells 20 cups at $1 each and pays $8 for supplies. If supplies rise to $12, what is the new profit?
  • A.20 × $1 = $20; $20 − $8 = $12
  • B.$12 − $8 = $4
  • C.20 × $1 = $20; $20 − $12 = $8
4.What might a seller do with a product that keeps making a loss?
  • A.Ask customers to pay the loss
  • B.Make more of it at the same loss forever
  • C.Change its price or cost, or stop selling it
5.A toy maker's cost per toy falls from $5 to $3. She still sells each toy for $8. How much more profit does she make per toy?
  • A.$8 − $3 = $5
  • B.$8 − $5 = $3
  • C.$5 − $3 = $2 more per toy
6.A T-shirt costs $6 to make. At what price would the seller make $4 profit on each one?
  • A.$6 + $4 = $10
  • B.$6 − $4 = $2
  • C.$4 + $4 = $8
7.A bakery sells 50 loaves a day. Its flour cost rises by $1 per loaf, and the price stays the same. How much less profit does it make each day?
  • A.50 − $1 = $49
  • B.50 × $1 = $50 less
  • C.50 + $1 = $51
8.A store sells 30 hats at $10 profit each. A new style earns $15 profit each, but only 15 sell. Which earns more profit in all?
  • A.The new style, because $15 is more than $10
  • B.They earn the same
  • C.30 × $10 = $300; 15 × $15 = $225; so the old style

LessonPrint · D2.Eco.7.3-5 · Set 10 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 10. Prints on its own sheet.

  1. 1.12 × $2 = $24; 30 × $1 = $30
  2. 2.Profit goes down
  3. 3.20 × $1 = $20; $20 − $12 = $8
  4. 4.Change its price or cost, or stop selling it
  5. 5.$5 − $3 = $2 more per toy
  6. 6.$6 + $4 = $10
  7. 7.50 × $1 = $50 less
  8. 8.30 × $10 = $300; 15 × $15 = $225; so the old style

Last reviewed 2026-09-05. Aligned to D2.Eco.7.3-5 of the C3 Framework for Social Studies State Standards.