94/98 as a percentage is 95.92%. This number tells you that the fraction is just a little below one whole, or 100%.
The fraction 94/98 can be reduced to 47/49, which is still very close to 1. Because it’s so near to a full unit, its percentage is also near 100%, making it easy to compare with other values that are expressed as percentages.
In everyday situations, you might see this kind of percentage on reports or charts where precise values matter, such as test scores or efficiency ratings. Rounding to two decimal places keeps the figure clear while still showing the small difference from a perfect score.