The fraction 11/55 is equal to 20.00% when converted to a percentage and rounded to two decimal places. This means that if you had 55 items and took 11 of them, you'd have about 20% of the total. It's a handy way to think about fractions in terms of parts per hundred.
In everyday life, you might come across this fraction or percentage in various situations. For example, if 11 out of 55 students in a class got an A on a test, you could say that 20.00% of the class aced it. Or if you're looking at a sale where 11 out of every 55 items are discounted, you'd know that about a fifth of the store's inventory is on sale. Understanding these equivalences can help you quickly grasp proportions in different contexts.