The fraction 18/80 is equal to 22.50% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the proportion of 18 parts out of a total of 80 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 80 students in a class passed a test, you could say that 22.50% of the class succeeded. Similarly, if 18 out of 80 items in a store were on sale, you'd know that 22.50% of the inventory was discounted. Understanding these equivalent representations can help in quick mental calculations and decision-making in daily life.