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 21 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 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
2.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
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.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.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.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
7.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.They earn the same
  • C.Corn, because $4 is more than $3
8.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

LessonPrint · D2.Eco.7.3-5 · Set 21 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 21. Prints on its own sheet.

  1. 1.20 × $1 = $20; $20 − $12 = $8
  2. 2.Profit goes down
  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.They hope to earn some of that profit too
  7. 7.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
  8. 8.Change its price or cost, or stop selling it

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