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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.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
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.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 − $3 = $5
  • C.$8 − $5 = $3
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 = $49
  • B.50 + $1 = $51
  • C.50 × $1 = $50 less
5.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, because $4 is more than $3
  • B.They earn the same
  • C.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
6.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.$12 − $8 = $4
  • C.20 × $1 = $20; $20 − $12 = $8
7.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.The new style, because $15 is more than $10
  • B.They earn the same
  • C.30 × $10 = $300; 15 × $15 = $225; so the old style
8.The price of lemons goes up, but a stand keeps its lemonade at the same price. What happens to its profit?
  • A.Profit goes down
  • B.Profit stays exactly the same
  • C.Profit goes up

LessonPrint · D2.Eco.7.3-5 · Set 24 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 24. Prints on its own sheet.

  1. 1.Change its price or cost, or stop selling it
  2. 2.12 × $2 = $24; 30 × $1 = $30
  3. 3.$5 − $3 = $2 more per toy
  4. 4.50 × $1 = $50 less
  5. 5.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
  6. 6.20 × $1 = $20; $20 − $12 = $8
  7. 7.30 × $10 = $300; 15 × $15 = $225; so the old style
  8. 8.Profit goes down

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