38/40 expressed as a percentage is 95.00%. This tells you that the fraction is just a little shy of a whole, or 100 %.
In everyday terms, if you had 40 parts of something and you owned 38 of them, you would have almost all of it—exactly 95 % of the total. That's why the fraction and the percentage feel so close.
The decimal form of the fraction is 0.95, which is another way to see the same value without using the percent sign. It’s a quick way to compare sizes when you’re dealing with numbers.
Remember that percentages are just another way to show fractions of a whole, so 95.00% and 38/40 are interchangeable in most contexts.