The fraction 18/75 is equal to 24.00% when converted to a percentage and rounded to two decimal places. This percentage represents the proportion of 18 parts out of a total of 75 parts. It's a way to express the fraction as a portion of 100, making it easier to understand and compare with other values.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 18 out of 75 students in a class passed a test, you could say that 24.00% of the class succeeded. Similarly, if a store offers a discount of 18/75 on an item, it means they're reducing the price by about 24% of the original cost. Understanding these equivalences can be helpful in making quick calculations and decisions in daily life.