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 selected 27 of them, you'd be choosing about 59% of the total. It's a bit more than half, but not quite as much as three-fifths.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 27 out of 46 people in a class passed a test, you could say that 58.70% of the students were successful. This percentage gives a quick and easy way to understand the proportion without having to think about the original fraction.