71/96 as a percentage is 73.96%. This rounded value tells you how much of a whole the fraction represents.
The fraction 71/96 means you have 71 parts out of a total of 96 equal parts. It is a bit more than three‑quarters of a whole.
In everyday life you might see this kind of number when looking at test scores, discount offers, or statistics that are expressed as a part of a total.
Keeping the percentage to two decimal places makes it easy to compare with other numbers and do quick estimates.