The fraction 24/55 is equal to 43.64% when converted to a percentage and rounded to two decimal places. This means that if you had 55 items and selected 24 of them, you'd have chosen about 43.64% of the total. It's a bit less than half, but more than two-fifths of the whole.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if a recipe calls for 24/55 of a cup of flour, you could think of it as using about 43.64% of the cup. While it's not a common fraction in daily life, understanding how it relates to its percentage equivalent can be helpful in various contexts.