12/96 = 12.5%
A value like 12.5% can show up as a discount, a chance of rain, or the share of people who choose one option in a survey. For example, 12.5% off a purchase means the discount is a small part of the original price.
A quick way to picture it is as one part out of eight equal parts. That makes it a little less than one-sixth and easy to estimate without reaching for a calculator.
One common mix-up is treating 12.5% as 12.5 whole items when the total is small. It describes a share of the total, so the actual number of items depends on how many there are altogether.