The number in the question is in decimal form!
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175% = 1.75
To convert 175% to decimal divide by 100: 175% ÷ 100 = 1.75
0.0229
175/1000 = 0.175
1.75 is a fraction. It is a fraction in decimal form rather than in the form of a ratio. However, that does not stop it being a fraction. Its equivalent, in rational form, is 175/100. You can simplify this rational fraction if you require.