94/96 = ≈97.92%
Rounded to 2 decimal places.
A value like 94/96, or about 97.92%, can show up when nearly everything is completed or working correctly. For example, a website might be available for almost all of its scheduled time, or a student might answer 94 out of 96 questions correctly.
To picture it quickly, imagine a group of 100 items with only about 2 missing, incorrect, or unfinished. Since 94/96 is just a little less than 1, you can estimate it as nearly 100%.
A common point of confusion is treating 94/96 as exactly 98% or even 100%. Rounding can make the number easier to use, but the original fraction is slightly below both of those values.