"Seventy percent" refers to a fraction that represents 70 out of 100 parts. It is commonly used in various contexts, such as statistics, surveys, and percentages in general. For example, if a survey shows that 70% of participants prefer a certain product, it means that 70 out of every 100 people surveyed chose that product. In mathematics, seventy percent can be expressed as a decimal (0.7) or a fraction (7/10). This concept is important in fields like finance, where understanding percentages can help in calculating discounts, interest rates, and other financial metrics.