Step 1: Start with the fraction 40/38.

Step 2: To convert a fraction into a percentage, divide the numerator by the denominator.

40 ÷ 38 = 1.0526

Step 3: Multiply the result by 100 to get the percentage.

1.0526 × 100 = 105.26%

Final Answer: 40/38 as a percentage is 105.26%.