The fraction 27/56 is equal to 48.21% when converted to a percentage and rounded to two decimal places. This means that if you had 56 items and selected 27 of them, you'd have chosen just under half of the total. It's a bit less than 50%, which would be exactly half.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, survey results, or even cooking measurements. For example, if 27 out of 56 people in a class passed a test, you could say that 48.21% of the class succeeded. This percentage gives a quick and easy way to understand the proportion without having to think about the original fraction.