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If you mean 25/100 then it is equivalent to 1/4 in its simplest form
Yes, but only if the two fractions are the same or equivalent fractions (other than 0).
It's a proportion.
Fractions will always equal 1 when their numerator is the same as their denominator
There are an infinite number of proper fractions equal to any other fraction - as long as you multiply the numerator and denominator by the same number, the fractions will be equivalent.