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, it's less than one-fiftieth of the total. If you had 100 items and removed 1.43% of them, you'd only be taking away about one and a half items. This fraction or percentage might be used in fields like finance, where small changes can have significant impacts, or in scientific measurements where precision is key.