1/265 = ≈0.38%
Rounded to 2 decimal places.
A value like 1/265 can describe a very rare event, such as one item in a large shipment having a specific defect. It is about 0.38%, so it may also appear in surveys, safety statistics, or the chance of an unusual outcome.
To picture it quickly, imagine 265 people standing in a crowd and selecting just one person. Another useful estimate is that it is a little less than 1 out of 250, making it clearly below half of one percent.
A common mistake is to treat 0.38% as 0.38, which would mean 38%, a much larger amount. The percent sign matters because it means “out of 100,” while 1/265 describes one part out of 265.