The fraction 77/96 is equal to 80.21% when converted to a percentage and rounded to two decimal places. This means that if you had 96 items and took 77 of them, you'd have about 80% of the total. It's a pretty high percentage, showing that you've got most of what's available.
77/96 is close to, but not quite, 4/5 or 80%. It's just a tiny bit more than that. In everyday situations, you could probably round it to 80% without losing much accuracy. However, in more precise calculations or measurements, using the exact 80.21% would be important to get the most accurate results.