The fraction 23/100 is equal to 23.00% when expressed as a percentage. This means that if you have 23 parts out of a total of 100, you're dealing with 23% of the whole. It's a straightforward way to represent a portion of something, whether it's a test score, a sales target, or any other measurement divided into hundredths.
In everyday life, you might come across this percentage in various contexts. For example, if 23 out of 100 students in a class got an A on a test, you could say that 23.00% of the class aced it. Or if a store offers a 23% discount on an item, that's the same as taking 23/100 off the original price. Understanding these equivalences can be helpful in quickly grasping proportions and making comparisons in different situations.