When you turn 16⁄92 into a percentage you get 17.39%. This number tells you how much of a whole the fraction represents in everyday language.
The fraction 16⁄92 can be simplified to 4⁄23, but the size of the part stays the same, so it still equals 17.39% of the whole.
In practical terms, if you have 92 items and you pick 16 of them, you’re taking about 17 out of every 100 items. It’s a small but noticeable portion.
Remember, the percentage is rounded to two decimal places, so the exact value is a little bit more precise than the simple figure shown above.