Step 1 :First, we need to write the ratio as a fraction: \(\frac{112}{160}\).
Step 2 :Next, we convert this fraction to a decimal by dividing the numerator by the denominator: \(\frac{112}{160} = 0.7\).
Step 3 :Then, we convert the decimal to a percent by multiplying by 100: \(0.7 \times 100 = 70\%\).
Step 4 :So, the percent which is equivalent to the given ratio 112 out of 160 is \(\boxed{70\%}\).