26.67% is what you get when you turn the fraction 16/60 into a percentage. It’s a quick way to see the part of a whole that 16 represents out of 60.
The fraction 16/60 can be reduced to 4/15, which still gives the same percentage when you calculate it. Seeing it as a percent helps you compare it easily with other numbers, like test scores or discounts.
In everyday use, you might round the 26.67% to 27% for simplicity, but the more exact figure is handy when you need precision, such as in budgeting or data analysis.