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The Percent field is a numeric field type with a specific purpose - to capture %%% values (imagine that!) - and it behaves like the Number field.
Display Formats & Options
Solution Manager can select the precision to display in numeric fields. The default precision is ".00". You can choose to allow negative values and/or require an entry in the number field.
Check out quick articles on Setting Default Field Values and Adding Help Text to fields.
Example of Use
SmartSuite recognizes Percent field values in Saved Views, Formula, and Rollup fields - all useful in summarizing data. Take a simple example - Rollup individual grades from linked courses to calculate a current grade average.