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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.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
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.30 × $2 = $60
  • C.12 × $2 = $24 at both prices
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 = $49
  • B.50 × $1 = $50 less
  • C.50 + $1 = $51
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.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
6.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
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.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
8.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

LessonPrint · D2.Eco.7.3-5 · Set 4 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 4. Prints on its own sheet.

  1. 1.Profit goes down
  2. 2.12 × $2 = $24; 30 × $1 = $30
  3. 3.50 × $1 = $50 less
  4. 4.$6 + $4 = $10
  5. 5.Corn: $4 − $3 = $1; soybeans: $10 − $6 = $4; so soybeans
  6. 6.10 × $3 = $30; 10 × $2 = $20; $30 − $20 = $10
  7. 7.30 × $10 = $300; 15 × $15 = $225; so the old style
  8. 8.Each sale earns more, so making more pays off

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