The fraction 27/78 is equal to 34.62% when converted to a percentage and rounded to two decimal places. This means that if you had 78 items and selected 27 of them, you'd be choosing about 34.62% of the total. It's a bit more than one-third but less than half of the whole amount.
In everyday situations, you might come across this fraction or percentage when dealing with things like test scores, sales discounts, or statistics. For example, if a store sold 27 out of 78 shirts during a sale, they could say they sold 34.62% of their inventory. Understanding these numbers can help in making decisions or interpreting data in various contexts.