The fraction 1/97 is equal to 1.03% when converted to a percentage and rounded to the nearest two decimal places. This small percentage represents just over one one-hundredth of a whole. It's a tiny slice of the pie, so to speak, and you'd need 97 of these slices to make up the entire thing.
To put this in perspective, if you had a group of 97 people and only one of them was wearing a red shirt, that person would represent 1/97 of the group. Similarly, if you had $100 and spent $1.03, you'd be spending about 1/97 of your money. While 1.03% might seem insignificant on its own, it can add up over time or when dealing with large numbers.
