The fraction 16/67 is equal to 23.88% when converted to a percentage and rounded to two decimal places. This means that if you had 67 items and selected 16 of them, you'd be choosing about 23.88% of the total. It's a bit less than a quarter or 25% of the whole.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales figures, or statistics. For instance, if 16 out of 67 students passed a difficult exam, you could say that 23.88% of the class succeeded. While it's not a common fraction you'd use in daily life, understanding its percentage equivalent can be helpful in various contexts.