74/96 as a percentage is 77.08%. This number tells you how much of a whole 74 parts out of 96 represent when you look at it in terms of 100.
The fraction 74/96 can also be simplified to 37/48, but the percentage stays the same. Seeing it as a percent makes it easier to compare with other values, like test scores or discounts.
In everyday use, you might round 77.08% to 77% for quick estimates, but the more precise figure is useful when exact calculations are needed.