The fraction 12/56 is equal to 21.43% when converted to a percentage and rounded to two decimal places. This percentage represents the proportion of 12 parts out of a total of 56 parts. It's a way to express the fraction as a portion of 100, making it easier to understand and compare with other values.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 12 out of 56 students in a class prefer pizza over other lunch options, you could say that 21.43% of the class likes pizza best. This percentage gives a clearer picture of the proportion compared to the original fraction, especially when dealing with larger numbers or when comparing different groups.