12/86 as a percentage is 13.95%. It shows that the fraction represents just under fourteen parts out of a hundred.
The fraction 12/86 can be reduced to 6/43, but the size of the part stays the same. Whether you write it as 12/86, 6/43, or 13.95%, it still describes the same proportion of a whole.
In everyday life, you might see this kind of number when looking at test scores, budget cuts, or any situation where a small portion of a total matters. Knowing the percentage makes it easy to compare with other values that are also expressed out of 100.