The fraction 23/73 is equal to 31.51% when converted to a percentage and rounded to two decimal places. This means that if you had 73 items and selected 23 of them, you'd be choosing about 31.51% of the total. It's a bit less than one-third, which would be 33.33%.
In everyday situations, you might come across this fraction or percentage when dealing with statistics, surveys, or partial quantities. For example, if 23 out of 73 students in a school prefer pizza over other lunch options, you could say that 31.51% of the student body likes pizza best. This kind of information can be useful for planning meals, understanding preferences, or making decisions based on group opinions.