The fraction 2/27 is equal to 7.41% when converted to a percentage. This small percentage represents about 1/13 of a whole, which isn't a lot in most contexts. It's less than 10%, so it's a relatively minor portion of something.
To put this in perspective, if you had a pizza cut into 27 slices and took 2 of them, you'd have about 7.41% of the pizza. Or if you scored 2 out of 27 on a test, you'd have gotten about 7.41% correct. While it's not a huge amount, it's still more than zero and could be significant depending on the situation.