The fraction 23/33 is equal to 69.70% when converted to a percentage and rounded to two decimal places. This means that if you had 33 equal parts of something and took 23 of those parts, you'd have about 69.70% of the whole. It's a bit more than two-thirds, which would be 66.67%.
In everyday life, you might see this fraction used in various situations. For example, if 23 out of 33 students in a class passed a test, you could say that 69.70% of the class succeeded. Or if a basketball player made 23 out of 33 free throw attempts, their free throw percentage would be 69.70%. This percentage is useful for comparing different fractions or understanding how much of a whole something represents.