AZCO purchased an item for $695 less 30% and 20%, and marked it up 125% of cost. During a special sale, the company sold the item at 40% off. Overhead is 20% of cost. At the sale price, what was the rate of markup on cost?    options: A) 19.6% B) 40% C) 125% D) 35% E) 25.9%

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AZCO purchased an item for $695 less 30% and 20%, and marked it up 125% of cost. During a special sale, the company sold the item at 40% off. Overhead is 20% of cost. At the sale price, what was the rate of markup on cost? 
 
options:
A) 19.6%
B) 40%
C) 125%
D) 35%
E) 25.9%
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