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It is a part of an expression related to ratios.
They are not always simplified. A percentage is a ratio and often it is not in the simplest form. The result has smaller number in it.
when a number of ratios give the same answer after solving the ratios the ratios are said to be equivalent ratios
fraction and decimals are both have similarities because they both express part of a whole.
Many measures of profitability of a hotel are based on ratios, proportions or percentages. For example, the occupancy rate is the ratio of the number of occupied room-nights to the total number of room-nights (or the proportion). Another contributor to the profitability is the percentage mark-up on food and drink which the hotel serves. A measure of a hotel's "success" is the percentage of the customers in its price range which it manages to attract and how that proportion changes with percentage discounts offered on rooms.