The relative sensitivity of midlatitude deep convective precipitation to aerosols and midlevel dry layers has been investigated in this study using high-resolution cloud-resolving model simulations. Nine simulations, including combinations of three moisture profiles and three aerosol number concentration profiles, were performed. Because of the veering wind profile of the initial sounding, the convection splits into a left-moving storm that is multicellular in nature and a right-moving storm, a supercell, which are analyzed separately.The results demonstrate that while changes to the moisture profile always induce larger changes in precipitation than do variations in aerosol concentrations, multicells are sensitive to aerosol perturbations whereas supercells are less so. The multicellular precipitation sensitivity arises through aerosol impacts on the cold pool forcing. It is shown that the altitude of the dry layer influences whether cold pools are stronger or weaker and hence whether precipitation increases or decreases with increasing aerosol concentrations. When the dry-layer altitude is located near cloud base, cloud droplet evaporation rates and hence latent cooling rates are greater with higher aerosol loading, which results in stronger low-level downdrafts and cold pools. However, when the dry-layer altitude is located higher above cloud base, the low-level downdrafts and cold pools are weaker with higher aerosol loading because of reduced raindrop evaporation rates. The changes to the cold pool strength initiate positive feedbacks that further modify the cold pool strength and subsequent precipitation totals. Aerosol impacts on deep convection are therefore found to be modulated by the altitude of the dry layer and to vary inversely with the storm organization.