The fraction 11/88 is equal to 12.50% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of a whole that 11/88 represents. It's a fairly small percentage, just over one-eighth of the total.
To put this in perspective, if you had a pizza cut into 88 slices and took 11 of them, you'd have about 12.50% of the pizza. Similarly, if you had $88 and spent $11, you'd have used up 12.50% of your money. This fraction and percentage can be useful in various everyday situations, from calculating discounts to understanding probabilities in games of chance.