The fraction 23/67 is equal to 34.33% when converted to a percentage and rounded to two decimal places. This means that if you had 67 equal parts of something and took 23 of those parts, you'd have about 34.33% of the whole. It's a bit more than one-third but less than half of the total.
In everyday life, you might come across this fraction or percentage in various situations. For example, if 23 out of 67 students in a class passed a test, you could say that 34.33% of the class succeeded. Or if a store sold 23 items out of their 67-item inventory, they would have sold 34.33% of their stock. This fraction and its percentage equivalent can be useful for understanding proportions and parts of a whole in many different contexts.