It can't be one. Mixed numbers are greater than one.
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3.23 hundredths = 0.0323. The absolute value of this fraction is less than 1. There is, therefore, no sensible way to represent it as a mixed number.
3 61/100
8 and 6/100 is a mixed number which can be expressed as 8 and 3/50 simplified
Is equal to 2 and 6/100 as a mixed number or as 2 and 3/50 simplified
0.4 can't be a mixed number. Mixed numbers are greater than one.