It is a percent, that's all I can say. You can use that percent to find 1.14% of a number. By itself, it's just a percent, nothing more, nothing less.
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twelve and half percent of 114 = 14.2512 1/2% of 114= 12.5% * 114= 0.125 * 114= 14.25
27% of 114= 27% * 114= 0.27 * 114= 30.78
2% of 114 = 2% * 114 = 0.02 * 114 = 2.28
9% of 114 = 10.26
114%