The fraction 1/70 is equal to 1.43% when expressed as a percentage (rounded to two decimal places). This small percentage represents a tiny portion of a whole, just over one-hundredth. It's not a common fraction you'd encounter in everyday life, but it can pop up in certain calculations or statistics.
To put 1.43% into perspective, imagine a pizza cut into 70 equal slices. One of those slices would represent 1/70 of the whole pizza. While it might not seem like much, in some contexts even small percentages can be significant. For example, in large-scale manufacturing or financial calculations, a difference of 1.43% could translate to substantial amounts of money or materials.