The fraction 12/45 is equal to 26.67% when converted to a percentage and rounded to two decimal places. This means that 12 out of 45 parts represent about a quarter of the whole. It's a bit more than one-fourth but less than one-third of the total.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 12 out of 45 students in a class prefer pizza over other lunch options, you could say that 26.67% of the class likes pizza best. This percentage gives a clearer picture of the proportion compared to the original fraction, making it easier to understand and compare with other values.