The fraction 24/100 is equal to 24.00% when expressed as a percentage. This means that out of every 100 parts, 24 parts are being considered or measured. It's a common way to represent a portion of a whole, especially when dealing with statistics, grades, or financial data.
In everyday life, you might encounter this percentage in various situations. For example, if 24 out of 100 students in a class got an A on a test, you could say that 24.00% of the class received an A. Similarly, if a store offers a 24% discount on an item, it's the same as saying they're taking 24.00% off the original price. This fraction and its percentage equivalent are useful for quickly understanding proportions and making comparisons.