It stands for seven units, which is equal to 7.
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27-7 = 20
It is: 7/9 of 27 = 21
Percent means out of 100 → 7% of 27 = 7/100 × 27 = 189/100 = 1.89
XXVII I confirmed my memory with the following wikipedia page http://en.wikipedia.org/wiki/Roman_numerals 27 = XXVII. X stands for 10. V stands for 5. I stands for one.
27/7 is in its simplest form.