The fraction 14/31 is equal to 45.16% when converted to a percentage and rounded to two decimal places. This means that if you had 31 items and took 14 of them, you'd have about 45% of the total. It's a bit less than half, but pretty close.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales figures, or even cooking measurements. For example, if a recipe calls for 14/31 of a cup of flour, you could think of it as roughly 45% of a full cup. While it's not a common fraction you'd use daily, understanding its percentage equivalent can be helpful in various contexts.