The fraction 12/78 is equal to 15.38% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the proportion of 12 parts out of a total of 78 parts. It's a relatively small percentage, indicating that 12 is less than one-sixth of 78.
To put this in perspective, if you had a large pizza cut into 78 slices and took 12 of those slices, you'd have about 15.38% of the whole pizza. This fraction and its equivalent percentage might come up in various real-world situations, such as calculating probabilities, analyzing survey results, or determining the composition of a mixture.