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, but pretty close.
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 passed a test, you could say that 47.83% of the class passed. Or if a sports team won 11 games out of a 23-game season, their winning percentage would be 47.83%. It's a useful way to express parts of a whole or compare different quantities.
