Format number as percent in MS SQL Server

Question

In SQL Server 2012 and later, there is the FORMAT() function. You can pass it a 'P' parameter for percentage. For example:

SELECT FORMAT((37.0/38.0),'P') as [Percentage] -- 97.37 %

To support percentage decimal precision, you can use P0 for no decimals (whole-numbers) or P3 for 3 decimals (97.368%).

SELECT FORMAT((37.0/38.0),'P0') as [WholeNumberPercentage] -- 97 %
SELECT FORMAT((37.0/38.0),'P3') as [ThreeDecimalsPercentage] -- 97.368 %