The fraction 1/88 is equal to 1.14% when converted to a percentage and rounded to the nearest 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 be useful in certain calculations or statistical analyses.
To put 1.14% into perspective, it's roughly equivalent to 1 out of 88 items in a group. For example, if you had a bag of 88 marbles and picked one at random, you'd have a 1.14% chance of selecting any specific marble. This percentage is often considered quite low in most contexts, whether it's discussing probabilities, test scores, or financial returns.
