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 took 23 of them, you'd have about one-third of the total. It's a handy way to think about fractions in terms of parts per hundred.
In everyday life, you might come across this fraction or percentage in various situations. For example, if a store sold 23 out of 69 shirts during a sale, they could say they sold about 33.33% of their inventory. Or if 23 out of 69 students in a school passed a test, the pass rate would be roughly 33.33%. Understanding these equivalents can help make sense of data and statistics we encounter in daily life.