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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 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 − $5 = $3
  • B.$5 − $3 = $2 more per toy
  • C.$8 − $3 = $5
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 goes down
  • C.Profit stays exactly the same
3.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 = $50 less
  • B.50 + $1 = $51
  • C.50 − $1 = $49
4.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
5.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.The new style, because $15 is more than $10
  • C.30 × $10 = $300; 15 × $15 = $225; so the old style
6.Why might a seller make more of a product when its profit rises?
  • A.Profit means the product costs more to make
  • B.Sellers must make more by law
  • C.Each sale earns more, so making more pays off
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.Corn, because $4 is more than $3
  • C.They earn the same
8.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.10 × $3 = $30
  • C.$3 − $2 = $1

LessonPrint · D2.Eco.7.3-5 · Set 25 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 25. Prints on its own sheet.

  1. 1.$5 − $3 = $2 more per toy
  2. 2.Profit goes down
  3. 3.50 × $1 = $50 less
  4. 4.They hope to earn some of that profit too
  5. 5.30 × $10 = $300; 15 × $15 = $225; so the old style
  6. 6.Each sale earns more, so making more pays off
  7. 7.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
  8. 8.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10

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