3/96 as a percentage is 3.13%. This tiny slice of a whole is often used when dealing with very small parts of a larger group, like a handful of items out of a big box.
The fraction 3/96 can also be reduced to 1/32, which still represents the same amount. Seeing it as a percentage makes it easier to compare with other values, especially when numbers are shown in percent form.
In everyday life, such a small percentage might show up in things like interest rates, test scores, or the chance of a rare event happening. Knowing the percent version helps you quickly gauge how big or small the portion really is.