1/76 as a percentage is 1.32%. This tiny fraction shows up when you split something into 76 equal parts and take just one of those parts. Even though the number is small, it’s easy to understand when you see it as a percent.
In everyday life, percentages like this help you compare tiny pieces of a whole. For example, if a school has 76 students and one student wins a prize, that winner represents 1.32% of the class. Seeing the fraction as a percent makes the size of the portion clearer.
The value is rounded to two decimal places, so the exact decimal is a little bit longer, but for most purposes 1.32% is precise enough. Using this rounded percent keeps calculations simple while still giving an accurate picture of the size of the fraction.