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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

NameDate

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

1.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
2.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
3.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
4.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
5.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
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.Why might a seller make more of a product when its profit rises?
  • A.Profit means the product costs more to make
  • B.Each sale earns more, so making more pays off
  • C.Sellers must make more by law
8.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

LessonPrint · D2.Eco.7.3-5 · Set 3 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 3. Prints on its own sheet.

  1. 1.$6 + $4 = $10
  2. 2.50 × $1 = $50 less
  3. 3.30 × $10 = $300; 15 × $15 = $225; so the old style
  4. 4.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
  5. 5.$5 − $3 = $2 more per toy
  6. 6.20 × $1 = $20; $20 − $12 = $8
  7. 7.Each sale earns more, so making more pays off
  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.