The fraction 16/88 is equal to 18.18% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 16 parts out of a total of 88 parts. It's a relatively small percentage, less than one-fifth of the whole.
To put this in perspective, if you had 88 items and took away 16 of them, you'd be left with about 82% of the original amount. This fraction could be useful in various real-world situations, such as calculating discounts, analyzing survey results, or determining the composition of a mixture. While 18.18% might seem like a small amount, it can still be significant depending on the context.