41.67% is the percentage that corresponds to the fraction 40/96.
The fraction 40/96 can be simplified to 5/12, which still represents the same part of a whole. Seeing it as a percentage makes it easier to compare with other numbers, especially when dealing with money, grades, or statistics.
In everyday situations, a value of 41.67% might show up as a discount, a test score, or a portion of a project that’s been completed. Knowing the percentage helps you quickly understand how large or small the part is relative to the whole.