Statement 1: To change a number in percentage to a ratio, write it as fraction with denominator 100 and then reduce it to the lowest term if possible.

Statement 2: A percentage can be converted to a fraction by removing sign of % dividing by 100.

Which of the following options is correct?

1. Both the statements are true.

2. Both the statements are false.

3. Statement 1 is true, and statement 2 is false.

4. Statement 1 is false, and statement 2 is true.