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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

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

1.Why might a seller make more of a product when its profit rises?
  • A.Each sale earns more, so making more pays off
  • B.Sellers must make more by law
  • C.Profit means the product costs more to make
2.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 − $12 = $8
  • B.$12 − $8 = $4
  • C.20 × $1 = $20; $20 − $8 = $12
3.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.$5 − $3 = $2 more per toy
  • B.$8 − $5 = $3
  • C.$8 − $3 = $5
4.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.30 × $10 = $300; 15 × $15 = $225; so the old style
  • B.The new style, because $15 is more than $10
  • C.They earn the same
5.Jo sells 10 muffins at $2 each. She raises the price to $3 and still sells 10. How much more does she take in?
  • A.10 × $3 = $30
  • B.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
  • C.$3 − $2 = $1
6.What might a seller do with a product that keeps making a loss?
  • A.Make more of it at the same loss forever
  • B.Change its price or cost, or stop selling it
  • C.Ask customers to pay the loss
7.A T-shirt costs $6 to make. At what price would the seller make $4 profit on each one?
  • A.$6 + $4 = $10
  • B.$4 + $4 = $8
  • C.$6 − $4 = $2
8.Why do new sellers often start selling what is earning big profits?
  • A.They hope to earn some of that profit too
  • B.Big profits mean the product is free
  • C.Profits are shared by law with every store

LessonPrint · D2.Eco.7.3-5 · Set 11 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 11. Prints on its own sheet.

  1. 1.Each sale earns more, so making more pays off
  2. 2.20 × $1 = $20; $20 − $12 = $8
  3. 3.$5 − $3 = $2 more per toy
  4. 4.30 × $10 = $300; 15 × $15 = $225; so the old style
  5. 5.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
  6. 6.Change its price or cost, or stop selling it
  7. 7.$6 + $4 = $10
  8. 8.They hope to earn some of that profit too

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