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The Museum of Creative Arts had the following expenses: $5,000 of membership development expense, $3,000 of Fund-raising expense, $3,000 of Instructional Classes expense, and $1,500

The Museum of Creative Arts had the following expenses: $5,000 of membership development expense, $3,000 of Fund-raising expense, $3,000 of Instructional Classes expense, and $1,500 of general and administrative expense. What is the program expense ratio (rounded)?

A.

70%

B.

43%

C.

24%

D.

39%

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