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The Center for Performing Arts had the following expenses: $5,000 of performance expenses, $2,800 of Fund-raising expenses, $3,000 of Instructional Classes expense, and $1,700 of
The Center for Performing Arts had the following expenses: $5,000 of performance expenses, $2,800 of Fund-raising expenses, $3,000 of Instructional Classes expense, and $1,700 of general and administrative expense. What is the program expense ratio (rounded)?
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