96.23% is what you get when you turn the fraction 51/53 into a percentage. This number shows how close 51 is to the whole 53 in a way that’s easy to read.
The fraction 51/53 is already a very large part of a whole, and the percentage makes that clear. It tells you that 51 out of every 53 parts is almost the entire amount.
When you think about it, a value over 95% is usually considered “almost complete.” That’s why 51/53 feels so close to 100% in everyday language.
Using the rounded figure 96.23% helps you compare this fraction with other percentages quickly, without having to work with the original fraction.