The fraction 23/69 is equal to 33.33% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 69 items and selected 23 of them, you'd have about one-third of the total. It's a handy way to express parts of a whole in a more familiar format.
While 33.33% might seem like an odd number at first glance, it's actually quite common in everyday situations. For example, if you're splitting a pizza three ways, each person would get roughly 33.33% of the pie. Or if you're looking at a sales report and see that 23 out of 69 customers made a purchase, you could quickly say that about 33.33% of visitors became buyers. This percentage gives us a quick and easy way to understand the proportion represented by 23/69.