The fraction 1/91 is equal to 1.10% 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 1.10% into perspective, it's about one-ninth of 10% or roughly one-ninetieth of the total. In practical terms, if you had a group of 91 items, 1/91 would represent just one of those items. This fraction and its equivalent percentage might come up in fields like finance, where small percentages can make a big difference in large-scale transactions or long-term investments.