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 27 equal parts of something 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 situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or even cooking measurements. For example, if a recipe calls for 20/27 of a cup of flour, you could think of it as using roughly 74% of a full cup. Understanding these equivalents can be helpful in quickly estimating amounts or comparing different quantities.