The fraction 20/23 is equal to 86.96% when converted to a percentage and rounded to two decimal places. This means that if you had 23 items and took 20 of them, you'd have about 87% of the total. It's a pretty high percentage, showing that 20 is close to 23 in value.
In everyday situations, you might see this fraction come up when dealing with things like test scores or completion rates. For example, if you answered 20 out of 23 questions correctly on a quiz, you'd score about 87%. This percentage is often considered a good result in many contexts, as it's well above the halfway mark and close to 90%, which is typically seen as excellent performance.