The fraction 23/89 is equal to 25.84% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 23 parts out of a total of 89 parts. It's a bit over a quarter, or 25%, of the whole.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 23 out of 89 students in a school passed a certain test, you could say that 25.84% of the students were successful. Similarly, if 23 out of 89 products in a batch met quality standards, you'd have a 25.84% success rate in production.