The fraction 12/40 is equal to 30.00% when converted to a percentage and rounded to the nearest two decimal places. This means that 12 out of every 40 parts represents 30% of the whole. It's a fairly common fraction that you might encounter in everyday situations, like calculating discounts or comparing ratios.
Understanding percentages and fractions is useful in many areas of life. For example, if you had a group of 40 people and 12 of them wore blue shirts, you could say that 30% of the group was wearing blue. This fraction and its percentage equivalent can help simplify complex information and make it easier to understand at a glance.