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 had 87 items and selected 23 of them, you'd be choosing about 26.44% of the total. 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 figures, or even cooking measurements. For example, if a recipe calls for 23/87 of a cup of flour, you could think of it as roughly 26.44% of a full cup. While it's not a common fraction you'd use in daily life, understanding how it relates to percentages can be helpful in various contexts.