The fraction 18/74 is equal to 24.32% when converted to a percentage and rounded to two decimal places. This means that 18 out of 74 parts represents about a quarter of the whole. It's a bit less than one-fourth, which would be 25%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 18 out of 74 students in a class prefer pizza over other lunch options, you could say that 24.32% of the class likes pizza best. Or if you're looking at sales data and 18 out of 74 customers bought a certain product, you'd know that 24.32% of customers chose that item.
