The fraction 23/42 is equal to 54.76% when converted to a percentage and rounded to two decimal places. This means that if you had 42 items and selected 23 of them, you'd have chosen just over half of the total. It's a bit more than 50%, but not quite as much as 55%.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if a recipe calls for 23/42 of a cup of flour, you could think of it as using about 55% of the cup. Understanding these equivalents can be helpful in various real-world scenarios where fractions and percentages are used interchangeably.