What is Percent style button on the Formatting toolbar is used to display a value?

The Percent Style button on the Formatting toolbar is used to format a numerical value as a percentage. When applied, it multiplies the cell's value by 100 and appends a percent sign (%) to the displayed result. This feature is commonly used in applications like spreadsheets to make it easier to interpret values in relation to a whole. It enhances clarity when working with ratiOS and statistical data.