The fraction 27/71 is equal to 38.03% when converted to a percentage and rounded to two decimal places. This means that if you had 71 items and selected 27 of them, you'd be choosing about 38% of the total. It's a bit more than one-third but less than two-fifths of the whole.
In everyday situations, you might encounter this fraction or percentage when dealing with things like test scores, sales figures, or even cooking measurements. For example, if a store sold 27 out of 71 items in stock, they could say they sold approximately 38% of their inventory. While it's not a common fraction you'd use in daily life, understanding how it relates to its percentage equivalent can be helpful in various contexts.