The fraction 20/27 is equal to 74.07% when converted to a percentage and rounded to two decimal places. This means that if you had a whole divided into 27 parts and took 20 of those parts, you'd have about 74% of the whole. It's a bit more than three-quarters but not quite three-fourths.
In everyday life, you might see this fraction used in various situations. For example, if 20 out of 27 students in a class passed a test, you could say about 74% of the class succeeded. Or if a basketball player made 20 out of 27 free throws in a game, their free throw percentage for that game would be roughly 74%. This percentage gives us a quick and easy way to understand the fraction's value in relation to 100%.