The fraction 23/74 is equal to 31.08% when converted to a percentage and rounded to two decimal places. This means that if you had 74 items and selected 23 of them, you'd be choosing about 31% 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 things like test scores, sales figures, or survey results. For example, if 23 out of 74 people surveyed preferred a certain product, you could say that 31.08% of respondents liked that item. While it's not a common fraction like 1/2 or 3/4, understanding 23/74 and its percentage equivalent can be useful in various real-world scenarios.
