120/124 = ≈96.77%
Rounded to 2 decimal places.
A value like 120/124, or 96.77%, could describe a nearly perfect attendance record, a shipment with 120 correct items out of 124, or a test with only a few points missed. In everyday life, it represents a result that is very close to complete or successful.
To picture it quickly, imagine a group of 124 objects with only 4 missing or marked differently. Since 120 is just 4 less than 124, you can estimate the fraction as about 97%, or a little less than 100%.
A common mistake is to call 120/124 exactly 97% or even 100% without noticing the difference. Although the gap is small, the fraction is not perfect because four parts are still missing.