The fraction 18/78 is equal to 23.08% when converted to a percentage and rounded to two decimal places. This means that 18 out of 78 parts represents about 23% of the whole. It's a bit less than one-quarter, which would be 25%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 18 out of 78 students in a class got an A on a test, you could say that 23.08% of the class aced the exam. Or if you're looking at sales data and 18 out of 78 customers made a purchase, you'd know that about 23% of potential buyers actually bought something.
