The fraction 23/80 is equal to 28.75% when converted to a percentage. This percentage is rounded to the nearest two decimal places. It's a bit more than a quarter of the whole, but not quite as much as a third.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or even cooking measurements. For example, if you got 23 questions right out of 80 on a quiz, you'd have scored 28.75%. Or if a store was offering a 28.75% discount on an item, you'd be paying about 23/80 of the original price.