Free Printable WorksheetSocial StudiesGrade 3Social Studies Curriculum3.42

3.42 Entrepreneurship and Profit Worksheet

Download our free printable Grade 3 Social Studies worksheet on 3.42 Entrepreneurship and Profit. Ideal for classroom practice, homeschool learning, independent homework, and standardized test preparation. Available in both print-ready PDF and editable DOCX formats.

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Worksheet Overview & Skills Covered

Core academic competencies and curriculum alignment

This Grade 3 Social Studies worksheet provides structured practice on 3.42 Entrepreneurship and Profit. Students are guided through targeted exercises that build foundational understanding, computational accuracy, and critical thinking skills.

Entrepreneurship and Profit (Intro) - Select the scenario that best describes an entrepreneur taking a reasonable risk to earn a profit. (CEE Econ Standard 14; C3 D2.Eco.7.3-5)

Whether you are an educator preparing classroom handouts, a tutor reinforcing weekly topics, or a parent supporting homeschool learning, this printable resource gives students the deliberate practice required to achieve subject fluency and master state standards.

Grade

Grade 3

Subject

Social Studies

Domain

Social Studies Curriculum

Formats

PDF & DOCX

Sample Practice Problems

Preview the types of problems and questions covered in this worksheet

Below are sample questions representative of the exercises included on this worksheet and related 3.42 Entrepreneurship and Profit skill assessments:

Problem 1Difficulty: Mastery

Finn earned money from selling seed packets. Which item is a business cost that should be subtracted before finding profit?

AThe number of friends who smiled at the table.

BThe color of the tablecloth.

CThe name of the school mascot.

DThe money spent on supplies used to make the product.

Solution & Explanation:Costs are the money spent to make or sell a good or service. Profit is income minus those costs.

Problem 2Difficulty: Mastery

Tara is deciding whether to buy supplies for thank-you cards. Which choice is a reasonable business risk?

ABuy a small amount of supplies first and see whether customers are interested.

BSpend all available money before knowing if anyone wants the product.

CIgnore safety rules to make the product faster.

DPromise customers free products forever.

Solution & Explanation:A reasonable risk is careful and limited. Starting small helps an entrepreneur learn without risking too much.

Problem 3Difficulty: Mastery

Luis sells 6 painted signs for $3 each and spends $4 on supplies. What is the profit?

A$14

B$18

C$4

D$22

Solution & Explanation:Profit is the money left after costs. 6 × $3 = $18 earned, and $18 - $4 = $14 profit.

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