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Walter sells wombats for $ 2 0 0 each, which includes a 2 5 % markup. William sells wombats for $ 2 4 0 with

Walter sells wombats for $200 each, which includes a 25% markup. William sells wombats for $240 with a 50% markup. How much different are William's costs than Walter's costs?
William's costs are the same as Walter's costs.
William's costs are $60 higher.
William's costs are $20 higher.
William's costs are $40 lower.
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