The fraction 12/56 is equal to 21.43% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 56 items and selected 12 of them, you'd be choosing about 21.43% of the total. It's a bit more than one-fifth of the whole, but not quite a quarter.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 12 out of 56 students in a class got an A on a test, you could say that 21.43% of the class aced it. Or if you're looking at sales data and 12 out of 56 customers made a purchase, you'd know that the conversion rate was around 21.43%. Understanding these equivalents can help you quickly grasp proportions in different scenarios.
