Fractions, decimals and percentages are three ways of writing the same number: 3/4 = 0.75 = 75%. You should be able to move between them quickly and choose the easiest one for the question.
A terminating decimal stops, so you can read it as tenths, hundredths or thousandths. A recurring decimal repeats for ever, but it is still an exact fraction. You find that fraction with algebra, by multiplying by a power of 10 and subtracting so the repeating part disappears.
A fraction or percentage can also act as an operator: "3/5 of" and "60% of" both mean multiply by 0.6. In a ratio, the parts added together make the whole.