The fraction 17/85 is equal to 20.00% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 85 items and took 17 of them, you'd have about 20% of the total. It's a handy way to think about fractions in terms of parts per hundred.
In everyday life, you might come across this fraction or percentage in various situations. For example, if a store offers a 20% discount on an item, it's roughly the same as reducing the price by 17/85ths. Or if you're looking at statistics and see that 17 out of 85 people prefer a certain option, you could say that about 20% of the group made that choice.