The fraction 12/80 is equal to 15.00% 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 80 parts. It's a relatively small fraction, indicating less than one-fifth of the whole.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 12 out of 80 students in a school wear glasses, that would be 15% of the student body. Similarly, if 12 out of 80 items in a store are on sale, 15% of the inventory would be discounted. This fraction and its equivalent percentage are useful for understanding proportions and making quick comparisons in daily life.