The fraction 83/96 is equal to 86.46% when converted to a percentage and rounded to two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 96 equal parts of something and took 83 of those parts, you'd have about 86.46% of the total.
To put this in perspective, 86.46% is pretty close to 7/8 or 87.5%. It's a fairly large portion, more than three-quarters but not quite as much as nine-tenths. In everyday situations, you might see this kind of percentage used to describe things like test scores, project completion, or the amount of battery life left on a device.