76/96 as a percentage is 79.17%. This value tells you how much of a whole the fraction represents when expressed in a familiar format.
The fraction 76/96 can be reduced to 19/24, which still keeps the same value. Whether you write it as a fraction or a percentage, the proportion stays the same.
Percentages like 79.17% are useful for quick comparisons. For example, if you scored 76 out of 96 points on a test, you earned about 79 % of the possible marks.
In everyday situations, rounding to two decimal places makes the number easy to read while still being accurate enough for most purposes.