The fraction 24/76 is equal to 31.58% when converted to a percentage and rounded to two decimal places. This means that 24 out of 76 parts represent about a third of the total. It's a bit less than one-third, which would be 33.33%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 24 out of 76 students in a class prefer pizza over burgers for lunch, you could say that 31.58% of the class likes pizza better. This percentage gives a clearer picture of the proportion compared to the original fraction, making it easier to understand and compare with other values.