The fraction 96/100 is equal to 96.00% when expressed as a percentage. This tells you that 96 out of every 100 parts are represented.
Seeing it as a percent makes it easy to compare with other numbers. For example, a score of 96% on a test means you got 96 out of 100 questions right, which is a very high achievement.
In everyday use, percentages like 96.00% help people understand proportions quickly, whether they're looking at statistics, sales figures, or grades. The two‑decimal format simply shows the value rounded to the nearest hundredth.