1. The problem is to find the percentage equivalent of the fraction $\frac{7}{100}$.\n\n2. The formula to convert a fraction to a percentage is:\n$$\text{Percentage} = \left(\frac{\text{Numerator}}{\text{Denominator}}\right) \times 100$$\n\n3. Applying the formula to $\frac{7}{100}$:\n$$\text{Percentage} = \left(\frac{7}{100}\right) \times 100$$\n\n4. Simplify the expression by canceling the common factor 100:\n$$\text{Percentage} = \cancel{\left(\frac{7}{\cancel{100}}\right)} \times \cancel{100} = 7$$\n\n5. Therefore, $\frac{7}{100}$ as a percentage is 7%.