1/96 = ≈1.04%
Rounded to 2 decimal places.
A value like 1.04% might show up in a survey where about one person out of every 96 gives a certain answer. It can also describe a small chance or a tiny share of a larger group.
To picture it quickly, imagine a group of about 100 people: roughly one person represents this amount. It’s a little more than 1%, but still a very small part of the whole.
A common mix-up is treating 1.04% as if it meant 1.04, or a little more than one whole. The percent sign means the amount is only a small fraction of one whole, not more than one whole.
