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70 or below is fine depending on context.
In School its not fine cause its not a C and C's are needed for Degrees as the saying goes.

In reviews, most of the time anything over 50% is generally considered perfectly fine, BUT in the video game world anything below 80% is considered a failure.
Why?
Simple, its because the ratings for video games seems to start at min 60/100. If 90% of the games on the market are rated 8/10 or higher, that rating systems doesn't mean anything. It looses all its merit.

Could you imagine if Rotten Tomatoes for movies had every single movie rated 80% or higher? Would be a joke. It's easy to see why no one respects this industry, its run by fanboys.