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 specific contexts.
In practical terms, 1/88 or 1.14% could represent things like a very small probability, a minor share in a company, or a slight increase in a value. For example, if a store had 88 items in stock and you bought one, you'd have purchased 1/88 of their inventory. While it may seem insignificant, even small percentages like this can be important in fields such as finance, statistics, or scientific measurements.
