We want to find equations for the different markups for the manufacturer and the stores that sell the crayons.
We know that a pack of 24 crayons costs $0.05 to make.
Is sold to stores for $0.25
The stores sell it for $0.50
Now we want to get the markup equation for the manufacturer, this is:
Markup = 100%*(price - cost)/(cost) = 100%*($0.25 - $0.05)/$0.05 =400%
For the store it is:
Markup = 100%*($0.50 - $0.25)/($0.25) = 100%
For the composition of these two I assume you refer to the total markup (notice that these are not functions, we can't make a composition if we do not have a variable).
Comp = 100%*($0.50 - $0.05)/($0.05) = 900%
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