The fraction 23/87 is equal to 26.44% when converted to a percentage and rounded to two decimal places. This means that if you were to divide something into 87 equal parts and take 23 of those parts, you'd have about 26.44% of the whole. It's a bit more than a quarter but less than a third of the total.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 23 out of 87 students in a school passed a certain test, you could say that 26.44% of the students passed. Or if you're looking at sales data and 23 out of 87 customers bought a particular item, you'd know that 26.44% of customers chose that product. Understanding these numbers can help in making decisions or analyzing information in school, work, or daily life.