The fraction 27/47 is equal to 57.45% when converted to a percentage and rounded to two decimal places. This means that if you had 47 items and selected 27 of them, you'd be choosing about 57.45% 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 47 people in a class passed a test, you could say that 57.45% of the class succeeded. This percentage gives a clearer picture of the proportion than the fraction alone, making it easier to understand at a glance.