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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.They earn the same
  • C.The new style, because $15 is more than $10
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 at both prices
  • B.12 × $2 = $24; 30 × $1 = $30
  • C.30 × $2 = $60
3.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
4.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
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 goes down
  • C.Profit stays exactly the same
6.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
7.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.$8 − $3 = $5
  • B.$5 − $3 = $2 more per toy
  • C.$8 − $5 = $3
8.Why do new sellers often start selling what is earning big profits?
  • A.Big profits mean the product is free
  • B.Profits are shared by law with every store
  • C.They hope to earn some of that profit too

LessonPrint · D2.Eco.7.3-5 · Set 23 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 23. Prints on its own sheet.

  1. 1.30 × $10 = $300; 15 × $15 = $225; so the old style
  2. 2.12 × $2 = $24; 30 × $1 = $30
  3. 3.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
  4. 4.$6 + $4 = $10
  5. 5.Profit goes down
  6. 6.Each sale earns more, so making more pays off
  7. 7.$5 − $3 = $2 more per toy
  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.