The fraction 21/88 is equal to 23.86% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of a whole that 21/88 represents. It's a bit less than a quarter, or 25%, of the total.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 21 out of 88 students in a school wore glasses, you could say that 23.86% of the student body wears glasses. Similarly, if 21 out of 88 items in a store were on sale, you could say that 23.86% of the inventory was discounted. This fraction and its equivalent percentage can be useful for comparing parts to wholes in many different scenarios.