The fraction 27/50 is equal to 54.00% when converted to a percentage and rounded to two decimal places. This means that if you had 50 items and selected 27 of them, you'd have chosen just over half of the total. It's a bit more than half, but not quite as much as 55%.
In everyday situations, you might come across this fraction or percentage in various contexts. For example, if 27 out of 50 students passed a test, you could say that 54.00% of the class succeeded. Or if a weather forecast predicts a 27/50 chance of rain, it means there's a 54.00% probability of precipitation. This fraction and its percentage equivalent are useful for expressing proportions or probabilities in many real-world scenarios.