It is just like when you simplify a fraction but instead of the word simplifiying it, it is reducing it.
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A fraction which is not in its most simple form, and therefore, can be reduced. For example, 5/10 is a reducible fraction because it can be simplified to 1/2.
123 can be written as a fraction: 123= 123/1
Every fraction is an equivalent fraction: each fraction in decimal form has an equivalent rational fraction as well as an equivalent percentage fraction.
A fraction that has a different sign to the first fraction.
Divide the fraction by 100, and you will get the percentage of a fraction.
Or both. That's a complex fraction.