Nope, it is already simplified.
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Well, honey, the simplified fraction of 98 over 100 is 49 over 50. It's like reducing those extra calories from your dessert - you don't need 'em! Just simplify that fraction and move on with your life.
It will become 27 over 100.
Do the division. 33.33 divided by 100 = 0.3333
0.49
88/100 = 22/25 by dividing both by 4