strung out
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IV stands for Individual Values, which are hidden but can be calculated by inputting the visible stats for each individual Pokemon you own.What are all these % you talk about?
Essentially IV makes it so that every Pokemon is different, even when they are of the same species. This means a Pikachu with high IV numbers will be better than a Pikachu with low IV numbers.
The %s are essentially a percentage of maximum potential for each Pokemon. If one of your Pokemon has a 100% IV, then once it's fully powered up, then it will be the best it can possibly be. If you have a low IV percentage, then no matter how much you power it up, it can never be as good as a Pokemon with a high IV can be.
The IV calculator I use is Pokemon Go IV Calculator - Poke Assistant