The fraction 11/23 is equal to 47.83% when converted to a percentage and rounded to two decimal places. This means that if you had 23 equal parts of something and took 11 of those parts, you'd have about 47.83% of the whole. It's a bit less than half, which would be 50%.
In everyday life, you might see this fraction or percentage used in various situations. For example, if 11 out of 23 students in a class wore glasses, you could say that 47.83% of the class wears glasses. Or if a sale offered 11/23 off the original price of an item, you'd be getting a discount of about 47.83%. While it's not a common fraction like 1/2 or 1/4, understanding 11/23 and its percentage equivalent can be useful in certain calculations or real-world scenarios.