The fraction 1/72 is equal to 1.39% when converted to a percentage and rounded to two decimal places. This small percentage represents a tiny portion of a whole, just over one percent. It's the kind of number you might encounter in statistics or probability calculations.
In everyday life, you might see 1/72 or 1.39% used to describe things like the chance of a rare event happening or a very small share of something larger. For example, it could represent the likelihood of drawing a specific card from a deck or the portion of a company's stock owned by a minor shareholder. While it may seem insignificant, even small percentages like this can be important in certain contexts.