To convert a percentage to a decimal, you divide the percentage by 100. This is because "percent" means "per hundred."
Given the percentage \(23\%\), we convert it to a decimal by dividing by 100:
\[ 23\% = \frac{23}{100} = 0.23 \]
The decimal equivalent of \(23\%\) is \(\boxed{0.23}\).
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