97/99 = ≈97.98%
Rounded to 2 decimal places.
A value like 97/99, or 97.98%, might describe a near-perfect test score, a reliable service, or the share of items that passed a quality check. It means almost everything in the group met the goal.
A quick way to picture it is to imagine 100 things, with about 98 of them counted as successful. It is very close to 100%, but still a little short.
One common point of confusion is treating 97/99 as exactly 98%. That is a useful estimate, but the exact value is slightly lower, so the difference can matter when precision is important.