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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.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
2.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 = $50 less
  • B.50 − $1 = $49
  • C.50 + $1 = $51
3.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
4.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
5.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.12 × $2 = $24 at both prices
  • B.12 × $2 = $24; 30 × $1 = $30
  • C.30 × $2 = $60
6.A stand sells 20 cups at $1 each and pays $8 for supplies. If supplies rise to $12, what is the new profit?
  • A.$12 − $8 = $4
  • B.20 × $1 = $20; $20 − $8 = $12
  • C.20 × $1 = $20; $20 − $12 = $8
7.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 up
  • C.Profit goes down
8.Why do new sellers often start selling what is earning big profits?
  • A.They hope to earn some of that profit too
  • B.Profits are shared by law with every store
  • C.Big profits mean the product is free

LessonPrint · D2.Eco.7.3-5 · Set 12 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 12. Prints on its own sheet.

  1. 1.30 × $10 = $300; 15 × $15 = $225; so the old style
  2. 2.50 × $1 = $50 less
  3. 3.Change its price or cost, or stop selling it
  4. 4.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
  5. 5.12 × $2 = $24; 30 × $1 = $30
  6. 6.20 × $1 = $20; $20 − $12 = $8
  7. 7.Profit goes down
  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.