The fraction 23/32 is equal to 71.88% when converted to a percentage and rounded to two decimal places. This means that if you had a pie cut into 32 slices and took 23 of them, you'd have about 72% of the whole pie. It's a bit more than two-thirds but not quite three-quarters of the total.
In everyday life, you might come across this fraction in various situations. For example, if 23 out of 32 students in a class passed a test, you could say that 71.88% of the class succeeded. Or if a recipe calls for 23/32 cup of flour, you'd be using just over 70% of a full cup. Understanding fractions and their percentage equivalents can be helpful in many real-world scenarios.