1/98 = ≈1.02%
Rounded to 2 decimal places.
The fraction 1/98, or about 1.02%, can describe a very small chance or share in everyday life. For example, it might represent roughly one item out of every 98 products, people, or events in a large group.
To picture it quickly, imagine a large box divided into 98 equal sections with only one section shaded. Since 1% is one out of 100, 1/98 is just slightly larger than 1%.
A common mistake is treating 1/98 as exactly 1% when it is actually a little higher. It can also be confused with 98%, which is nearly the opposite in size.