The fraction 23/97 is equal to 23.71% when converted to a percentage and rounded to the nearest two decimal places. This percentage represents how much of a whole the fraction represents. In other words, if you had 97 equal parts of something and took 23 of those parts, you'd have about 23.71% of the total.
To put this into perspective, 23.71% is less than a quarter (25%) but more than a fifth (20%) of the whole. It's a relatively small percentage, indicating that 23/97 is a proper fraction where the numerator is smaller than the denominator. In everyday situations, you might encounter this percentage in various contexts, such as test scores, sales discounts, or statistical data.