The fraction 15/78 is equal to 19.23% when converted to a percentage and rounded to two decimal places. This means that if you had 78 items and selected 15 of them, you'd have chosen about 19% of the total. It's a relatively small percentage, less than a quarter of the whole.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, sales discounts, or statistics. For example, if a store sold 15 out of 78 items in their inventory, they could say they sold 19.23% of their stock. Understanding these numbers can help in making decisions or interpreting data in various contexts.