The fraction 1/72 is equal to 1.39% when converted to a percentage and rounded to two decimal places. This small percentage represents just over one part out of every hundred. It's a tiny slice of the whole, barely more than one percent.
In everyday life, you might encounter 1/72 or 1.39% in various situations. For example, it could represent the chance of a rare event happening, a small discount on a purchase, or a minor increase in a statistic. While it may seem insignificant, even small percentages can add up over time or when dealing with large numbers.
