The fraction 23/40 is equal to 57.50% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had a pie divided into 40 slices and took 23 of them, you'd have a little more than half of the pie. It's a handy way to visualize the relationship between the numerator (23) and denominator (40) in this fraction.
In everyday life, you might come across this percentage in various situations. For example, if 23 out of 40 students in a class passed a test, you could say that 57.50% of the class succeeded. Or if a sale offers 57.50% off an item, you'd be paying just a bit less than half the original price. Understanding fractions and their percentage equivalents can be useful for quick mental math and making sense of statistics in daily life.
