The fraction 27/46 is equal to 58.70% when converted to a percentage and rounded to two decimal places. This means that if you had 46 items and took 27 of them, you'd have about 58.70% of the total. It's a bit more than half, but not quite 60%.
In everyday situations, you might come across this fraction or percentage. For example, if 27 out of 46 students in a class passed a test, you could say that 58.70% of the class succeeded. Or if a sports team won 27 games out of a 46-game season, their winning percentage would be 58.70%. This percentage gives a quick and easy way to understand the proportion represented by the fraction 27/46.