The fraction 20/96 is equal to 20.83% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents the portion of a whole that 20/96 represents. It's a bit less than one-fifth or 25% of the total.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 20 out of 96 students in a school passed a certain test, you could say that 20.83% of the students were successful. Similarly, if 20 out of 96 items in a store were on sale, you'd know that about one-fifth of the inventory was discounted.