A performance sensitivity of liquid rocket engine to propellant density or supply pressure change was studied. The analysis program was verified to have 1% error comparing with the measured data of a turbopump-gas generator system. The engine combustion pressure decreases as fuel supply pressure increases due to decreased mixture ratio which reduces the turbine power. The engine combustion pressure increases as fuel density increases because the total propellant flow rate is increased substantially even though mixture ratio is slightly decreased. The engine combustion pressure increases when the oxidizer density or supply pressure increases.