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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.

Set 18 of 25 · the same problems every time you open this link.

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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 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.30 × $2 = $60
  • C.12 × $2 = $24 at both prices
2.What might a seller do with a product that keeps making a loss?
  • A.Change its price or cost, or stop selling it
  • B.Ask customers to pay the loss
  • C.Make more of it at the same loss forever
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.20 × $1 = $20; $20 − $12 = $8
  • C.$12 − $8 = $4
4.Corn sells for $4 a bushel and costs $3 a bushel to grow. Soybeans sell for $10 and cost $6. Which earns more profit per bushel?
  • A.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
  • B.Corn, because $4 is more than $3
  • C.They earn the same
5.A T-shirt costs $6 to make. At what price would the seller make $4 profit on each one?
  • A.$6 − $4 = $2
  • B.$6 + $4 = $10
  • C.$4 + $4 = $8
6.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
7.Why do new sellers often start selling what is earning big profits?
  • A.Big profits mean the product is free
  • B.They hope to earn some of that profit too
  • C.Profits are shared by law with every store
8.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

LessonPrint · D2.Eco.7.3-5 · Set 18 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 18. Prints on its own sheet.

  1. 1.12 × $2 = $24; 30 × $1 = $30
  2. 2.Change its price or cost, or stop selling it
  3. 3.20 × $1 = $20; $20 − $12 = $8
  4. 4.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
  5. 5.$6 + $4 = $10
  6. 6.Profit goes down
  7. 7.They hope to earn some of that profit too
  8. 8.Each sale earns more, so making more pays off

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