The fraction 23/92 is equal to 25.00% when converted to a percentage and rounded to the nearest two decimal places. This means that if you had 92 items and selected 23 of them, you'd be choosing about a quarter of the total. It's a handy way to think about proportions in everyday situations.
While 25% is a more familiar figure for most people, the fraction 23/92 can be useful in specific contexts. For example, it might come up in recipes, scientific measurements, or when dealing with precise calculations. Both forms represent the same value, just expressed differently. Whether you use the fraction or percentage often depends on the situation and personal preference.