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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 stand sells 20 cups at $1 each and pays $8 for supplies. If supplies rise to $12, what is the new profit?
  • A.$12 − $8 = $4
  • B.20 × $1 = $20; $20 − $12 = $8
  • C.20 × $1 = $20; $20 − $8 = $12
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 = $50 less
  • B.50 + $1 = $51
  • C.50 − $1 = $49
3.Why do new sellers often start selling what is earning big profits?
  • A.Profits are shared by law with every store
  • B.Big profits mean the product is free
  • C.They hope to earn some of that profit too
4.Why might a seller make more of a product when its profit rises?
  • A.Each sale earns more, so making more pays off
  • B.Profit means the product costs more to make
  • C.Sellers must make more by law
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 stays exactly the same
  • C.Profit goes down
6.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
7.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
8.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

LessonPrint · D2.Eco.7.3-5 · Set 9 · free to copy for classroom use

Answer key — Raise the Price or Cut the Cost?

Set 9. Prints on its own sheet.

  1. 1.20 × $1 = $20; $20 − $12 = $8
  2. 2.50 × $1 = $50 less
  3. 3.They hope to earn some of that profit too
  4. 4.Each sale earns more, so making more pays off
  5. 5.Profit goes down
  6. 6.30 × $10 = $300; 15 × $15 = $225; so the old style
  7. 7.12 × $2 = $24; 30 × $1 = $30
  8. 8.$6 + $4 = $10

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