I'm assuming the problem is 56 x 1/4%.
1) convert the fraction percent to a decimal number percentage:
1/4% --> 0.25%
2) convert the percent to decimal (to do this, you can move the decimal two numbers to the left OR divide the percent by 100):
0.25% --> 0.0025
3) convert from decimal to fraction (ten thousandths place):
0.0025 --> 25/10000
4) simplify the fraction:
25/10000 (divide top and bottom by 25) = 1/400
5) multiply the whole number times the fraction:
56/400
6) simplify:
(divide top and bottom by 4)
56/400 = 14/100