The fraction 21/27 is equal to 77.78% when converted to a percentage and rounded to two decimal places. This means that if you had 27 items and took 21 of them, you'd have about 78% of the total. It's a bit more than three-quarters but not quite four-fifths of the whole.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or progress tracking. For example, if you completed 21 out of 27 tasks on your to-do list, you could say you're about 78% done with your work. It's a useful way to express parts of a whole in terms that are easy to understand and compare.