As a percent, the odds of having an allergic reaction would be 2%.
This is because 1 in 50 of a chance, is equal to 1/50, and to make this a percent out of 100, just multiply both parts of the fraction by 2.
None of the choices equal 1/50, so let's just make it a percentage anyway.
1/50 ---> 0.02
0.02 ---> 2%
The answer is 2%, or 1/50 as a fraction.