18/96 = 18.75%
A value like 18.75% might show up in a store discount, a survey result, or the portion of a class that chose a certain option. It means that less than one-fifth of the whole is being described.
To picture 18.75%, think of roughly 19 out of every 100 items, or a little less than 1 out of 5. The exact value, 18.75%, is also three-quarters of the way from 18% to 19%.
A common point of confusion is treating 18.75% as 18.75 rather than as a part of a whole. For example, an 18.75% discount on a price does not mean taking off $18.75 unless the item costs $100.