Skip to content
LessonPrint

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.

Set 16 of 25 · the same problems every time you open this link.

Next set

One paper per student

12345678910111213141516171819202122232425

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 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
2.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; 30 × $1 = $30
  • B.12 × $2 = $24 at both prices
  • C.30 × $2 = $60
3.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
4.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 = $51
  • B.50 − $1 = $49
  • C.50 × $1 = $50 less
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.$3 − $2 = $1
  • B.10 × $3 = $30
  • C.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
6.The price of lemons goes up, but a stand keeps its lemonade at the same price. What happens to its profit?
  • A.Profit goes up
  • B.Profit stays exactly the same
  • C.Profit goes down
7.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
8.A T-shirt costs $6 to make. At what price would the seller make $4 profit on each one?
  • A.$4 + $4 = $8
  • B.$6 + $4 = $10
  • C.$6 − $4 = $2

LessonPrint · D2.Eco.7.3-5 · Set 16 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 16. Prints on its own sheet.

  1. 1.$5 − $3 = $2 more per toy
  2. 2.12 × $2 = $24; 30 × $1 = $30
  3. 3.They hope to earn some of that profit too
  4. 4.50 × $1 = $50 less
  5. 5.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
  6. 6.Profit goes down
  7. 7.20 × $1 = $20; $20 − $12 = $8
  8. 8.$6 + $4 = $10

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