The fraction 15/55 is equal to 27.27% when converted to a percentage and rounded to two decimal places. This means that if you had 55 items and selected 15 of them, you'd have chosen about 27% of the total. It's a bit more than a quarter but less than a third of the whole amount.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or even cooking measurements. For example, if a recipe calls for 15/55 of a cup of an ingredient, you could think of it as using roughly 27% of that cup. Understanding these equivalents can be helpful in various real-world scenarios.