The fraction 85/96 is equal to 88.54% 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 85 of those parts, you'd have about 88.54% of the total.
To put this in perspective, 88.54% is pretty close to 90%, which is almost the whole thing. It's like filling up a glass of water and leaving just a small amount of space at the top. The fraction 85/96 shows that you've got most of what you're measuring, with only a little bit left to reach the full amount.