1/96 = ≈1.04%
Rounded to 2 decimal places.
A value of 1/96, or about 1.04%, can describe a small share of something, such as one item in a group of 96. It might also come up when dividing a bill or amount evenly among 96 people.
To picture it quickly, think of about one item out of every 100. Since 96 is slightly less than 100, 1/96 is just a little more than 1%.
A common mix-up is treating 1.04% as the same as 1.04. The percent sign means the value is a little more than one part in 100, not a little more than one whole.
