Here are the essential concepts you must grasp in order to answer the question correctly.
Percentages
A percentage represents a fraction out of 100. It is a way to express a number as a part of a whole, where the whole is 100. For example, 2% means 2 out of 100, which can be useful in various applications such as finance, statistics, and everyday calculations.
Fractions
A fraction consists of a numerator and a denominator, representing a part of a whole. To convert a percentage to a fraction, you place the percentage value over 100. For instance, 2% can be expressed as 2/100, which can then be simplified to its lowest terms.
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Lowest Terms
A fraction is in lowest terms when the numerator and denominator have no common factors other than 1. To simplify a fraction, you divide both the numerator and denominator by their greatest common divisor (GCD). For example, the fraction 2/100 can be simplified to 1/50, as both 2 and 100 can be divided by 2.
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