What this expression does?

I need to know what the following expression does:

in A1 I have a value, in this case 263
in A2 I have this, 68,60%

and in A3 I have the result of A1/A2, but I don't know what the excel does to get this result: 383,38

Anyone knows the kind of calculate that the excel does??

I'm using excel 2007.

It divides A1 by A2 and returns the result.

Originally Posted by shg

It divides A1 by A2 and returns the result.

But the problem was the result, I just discovery that first he divide the 68,60% by 1 and then divide the 263 by 0,686, giving the result.

Anything divided by 1 is, by definition, the number you started with, so dividing 68.6% by 1 gives 68.6%. Mathematically, dividing by 1 does nothing to affect the result.