The fraction 27/100 is equal to 27.00% when expressed as a percentage. This means that out of every 100 parts, 27 parts are being considered. It's a way to represent a portion of a whole, where the whole is divided into 100 equal parts.
In everyday life, you might encounter this percentage in various situations. For example, if 27 out of 100 students in a class got an A on a test, you could say that 27.00% of the class received an A. Similarly, if a store offers a 27% discount on an item, they're reducing the price by 27.00% of its original cost. This fraction and percentage are useful for comparing parts to wholes and understanding proportions in different contexts.