The fraction 24/88 is equal to 27.27% when converted to a percentage and rounded to two decimal places. This percentage represents the portion of 24 parts out of a total of 88 parts. It's a way to express the fraction as a part of 100, making it easier to understand and compare with other values.
In everyday situations, you might encounter this fraction or percentage in various contexts. For example, if 24 out of 88 students in a school passed a certain test, you could say that 27.27% of the students were successful. This percentage gives a quick and clear picture of the proportion, allowing for easy comparison with other results or expectations.