Actually, it is both. Seven dimes (70¢) = 70% of one dollar or 7/10 of one dollar.
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Expressed as a decimal fraction, 7 percent is equal to 0.07. Expressed as a vulgar fraction, 7 percent is equal to 7/100, or seven hundredths.
Expressed as a proper fraction in its simplest form, 7 percent is equal to 7/100 or seven hundredths.
Expressed as a proper fraction in its simplest form, 87.5% is equal to 7/8 or seven eighths.
Expressed as a proper fraction in its simplest form, 18.5 percent is equal to 37/200 or thirty-seven two hundredths.
Expressed as a percentage fraction, 27/30, or twenty-seven thirtieths, is equal to 90 percent.