The fraction 24/78 is equal to 30.77% when converted to a percentage and rounded to two decimal places. This means that 24 out of 78 parts represent about 31% of the whole. 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 78 students in a class passed a test, you could say that 30.77% of the class succeeded. Or if you completed 24 pages of a 78-page book, you'd be about 31% of the way through. Understanding these equivalences can be helpful in quickly grasping proportions and relative amounts in different scenarios.