The fraction 24/96 is equal to 25.00% when converted to a percentage and rounded to two decimal places. This means that 24 out of 96 parts represents one quarter or 25 percent of the whole. It's a common fraction that comes up in various everyday situations, from measuring ingredients in cooking to calculating probabilities in statistics.
Understanding percentages like this can be useful in many areas of life. For example, if you're looking at test scores and see that someone got 24 out of 96 questions correct, you'd know they scored 25% on the test. Similarly, in financial contexts, 25% is often used to represent a quarter of something, like a 25% discount on a purchase or a 25% increase in sales.