Sam is planning to start a pool cleaning business from his home. He has developed the following cost analysis for the set-up and operation for the first year of his business. He has $9,000 in savings and $23,000 in credit that he can use for
the business. Approximately what percent of the initial set-up and operation costs will Sam need to finance with a lender
or investor?
Item
Truck
Pool Cleaning Supplies
Payroll
Advertising
a. 19%
b. 23%
C.33%
d. 78%
Cost
$9,000
$6,000
$23,000
$1,500
Please select the best answer from the choices provided