31.34% is the percentage equivalent of the fraction 21/67.
The fraction 21/67 is a bit more than one‑third, which makes it useful when you need a quick estimate in everyday situations, like figuring out a portion of a budget or a slice of a pie chart. Because it is a relatively small number, the percentage helps people understand it at a glance.
When you see 31.34%, you can think of it as roughly three out of ten parts. This makes it easy to compare with other percentages, such as 25% (one quarter) or 50% (one half), without having to work with the original fraction.