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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 19 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

NameDate

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

1.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; 10 × $2 = $20; $30 − $20 = $10
  • B.$3 − $2 = $1
  • C.10 × $3 = $30
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 − $8 = $12
  • B.20 × $1 = $20; $20 − $12 = $8
  • C.$12 − $8 = $4
3.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
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.They earn the same
  • B.30 × $10 = $300; 15 × $15 = $225; so the old style
  • C.The new style, because $15 is more than $10
5.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
6.What might a seller do with a product that keeps making a loss?
  • A.Ask customers to pay the loss
  • B.Change its price or cost, or stop selling it
  • C.Make more of it at the same loss forever
7.A T-shirt costs $6 to make. At what price would the seller make $4 profit on each one?
  • A.$6 − $4 = $2
  • B.$4 + $4 = $8
  • C.$6 + $4 = $10
8.Why do new sellers often start selling what is earning big profits?
  • A.Profits are shared by law with every store
  • B.They hope to earn some of that profit too
  • C.Big profits mean the product is free

LessonPrint · D2.Eco.7.3-5 · Set 19 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 19. Prints on its own sheet.

  1. 1.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
  2. 2.20 × $1 = $20; $20 − $12 = $8
  3. 3.Each sale earns more, so making more pays off
  4. 4.30 × $10 = $300; 15 × $15 = $225; so the old style
  5. 5.Profit goes down
  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.