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 were to divide something into 67 equal parts and take 16 of those parts, you'd have about 23.88% of the whole. It's a bit less than a quarter, which would be 25%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 16 out of 67 students in a class prefer pizza over other lunch options, you could say that 23.88% of the class likes pizza best. Or if you're looking at sales data and 16 out of every 67 customers buy a certain product, that's also a 23.88% purchase rate.
