120/125 = 96%
A value like 120/125, or 96%, can show up when 120 out of 125 students submit a permission form, products pass a quality check, or customers report being satisfied. It describes a result that is very close to complete or perfect.
To picture it quickly, imagine a grid of 125 small squares with only 5 squares left blank. You can also estimate it as just a little less than 100%, since the missing part is about 4%.
A common mistake is to treat 96% as exactly the same as 100%. Although the difference is small, those missing 4% can still matter when the total number of people, items, or chances is large.