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By Benchmark it means what is closer for example the benchmark of 24% is 25%.

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Q: What does it mean for a fraction to be close to a benchmark?

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benchmark fractions mean

300/400 or 3/4

I had to look up what a benchmark fraction is. It looks like the benchmark fractions are 1/10, 1/4, 1/2 and 3/4.Of these, 1/2 is the closest to 94/156. It is actually very close to 6/10, but I guess that's not one of them.

What benchmark fraction is closest to each point in the letter E

It depends what the benchmark is!

A benchmark fraction is the bar line in the middle of the fraction. :)

yes 2/4 is because it is equivalent to 1/2 which is a benchmark fraction.

112 is an integer and so there is no sensible way to represent it as a fraction - whether benchmark or otherwise.

It has to be between these four fractions 1/2,1/3,2/3, and 3/4

They are fractions which a user is familiar with or comfortable with, and which can be used to compare a given fraction.

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Yes.